Australia's largest stock trading and investment forum Australia's #1 stock forum

PEN

Click for more information

0.00%

10.5¢ peninsula energy limited

Ann: Half Year Financial Results, page-13

First 13 Last

Share
Profile

Follow
Woody2

396 Posts.

1

17/03/17

08:58

Post #: 23420262
Share

Originally posted by slick239 ↑

Here's one possible, but crude, way of estimating production cost per pound. Inventory was written down at 12/31/16 to net realizable value, or selling price less selling costs. NRV was calculated using the average selling price of existing off-take agreements. If this is the same as the average H1 realized price of $48.68, less marketing and selling expense of 9%, NRV is $44.30. If the written down inventory value was $4,902,000, the pounds on hand would be 110,655. Divide the pre-writedown inventory value by the pounds on hand to get the value per pound, which should roughly correspond to the inventoriable production cost, since some of the inventory appears to have been produced in the previous half year.

Check my math and assumptions. Of course, costs could drop in 2017, particularly with milder weather.

Expand

Or maybe, from the report:

So on PEN's COGS it would be $6,140m for 102,500lbs, which means av cost of $59.90/lb

But if were to look at all-in-sustaining costs:

Onto the $6,140 we would add:
$447 marketing
$1,640 admin

giving us ... well, anyway it highlights the problem of current uranium pricing, and therefore the 'interim operating strategy'. We'll just have to wait for the next IOS upgrade!

PEN Price at posting: 55.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 8 more messages in this thread...

First 13 Last

Add PEN (ASX) to my watchlist

(20min delay)
Last 10.5¢		Change 0.000(0.00%)		Mkt cap ! $334.3M

Open	High	Low	Value	Volume
10.5¢	10.5¢	9.9¢	$3.285M	32.37M

Buyers (Bids)

No.	Vol.	Price($)
14	1617495	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	3228427	19

View Market Depth

No.	Vol.	Price($)
14	1617495	0.100
4	566100	0.099
7	355251	0.098
5	831092	0.097
9	2187456	0.096

Price($)	Vol.	No.
0.105	3228427	19
0.110	3498451	31
0.115	2563826	36
0.120	8281143	84
0.125	1356130	20

Last trade - 16.10pm 17/06/2024 (20 minute delay)


Last 10.5¢			Change 0.000 ( 0.10 %)
Open	High		Low	Volume
10.3¢	10.5¢		9.9¢	9370168
Last updated 15.59pm 17/06/2024 ?

PEN (ASX) Chart

SPONSORED BY