A major news catalyst that shouldnt be underestimated is the updated PFS that is due next month for the new ph processing. In recent interviews, Wayne sounds confident that he can get PEN into the lowest cost quartile, which as showed in PEN investor presos, sits at around $18 / lb opex costs. Considering the current DFS had opex $30 / lb for an 288m NPV and 36% IRR, imagine what $18 / lb opex will do to the bottom line of the Lance project. I can see this running hard very soon, and reaching $1+ in 2019.
A major news catalyst that shouldnt be underestimated is the...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $318.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $698.8K | 6.826M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 9229216 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2893910 | 18 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |