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Ann: Pine Creek Uranium Rights Returned to PNX, page-28

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oldgold64

2,661 Posts.

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18/04/24

17:35

Post #: 73412365
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Originally posted by torrita: ↑

Thanks Rewop for that newspaper article .

Observations;
- over the period 2008-2011 when drilling for Uranium,

the MC of Thundelarra (now ASX:OAU) increased by about $50M to $60M.
- when the project fell into our lap last year our MC only increased by $11M (.03c to .05c)

- In 2009 Uranium was fetching $US 42 a pou
nd, (exchange rate at the time was 90c.) or $AUD 46 a pound.

- today Uranium is fetching $US 90 a pound , $AUD140 - a whopping 300 % increase.

- if the market reacted the same way as it did back, we would be trading at 3c not .05c

- February 2011 Thundelarra announced a maiden MRE. The market was disappointed because it only was very small due to not enough drilling.
- Thundelarra feverishly plan the next drilling campaign.
- March 2011 the Fukushima disaster sent the Uranium price down to $US20 a pound. (It costs $30 a pound to mine)

- project mothballed, somehow turns up on our lap.

- below is the Thundelarra chart at the time.

IPOs - if the merger between KIN & PNX was an IPO it would list with MC of about $270 M
I base that on other recent IPOs of BGD and FAL where the market cap was 3 times the amount of cash held.(90 x 3 = 270)

Expand

GREAT INFO, definitely looking good with URANIUM predicted to hit 140 USD somewhere in 26.

PNX Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $29.85M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$137	27.47K

Buyers (Bids)

No.	Vol.	Price($)
27	21822009	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7227725	8

View Market Depth

No.	Vol.	Price($)
23	18822009	0.004
23	30547128	0.003
16	56028838	0.002
16	154889879	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	6227725	7
0.006	17999230	14
0.007	28133632	14
0.008	14295890	7
0.009	2628197	7

Last trade - 10.31am 07/06/2024 (20 minute delay)

PNX (ASX) Chart