PENMF performed very well O/night while most where having a breather. Its meagre Market Cap as compared with pretty much every other U Asx listed stock is gaining interest.
IMO this MkT should be multitudes higher.
We sit at $160m,, BOE over $1b, DYL $1b, PDN $3.2b. All terrific stocks, no argument there. But $160 for a near term producer?
My belief is people have over blown and missed the point that we'll be producing by this time next year at close to twice the profitability. Looks as though the market is beginning to catch on to Pens likely trajectory Mkt cap wise..
Spot now into the $70s with supply nowhere to be seen.....
Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-202
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