It is guess work, but looking at Hartleys Sep report, there comparisons with other North American ISR companies has at least given us a good idea of what Pen should be trading at, once Jorc comes in.
Comparatives(Snippet from report)
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Analysis of US/Canadian listed peers, Uranerz, UR-Energy, Powertech and Uranium Energy Corp, indicates that ISR companies trade on an average multiple of A$13 per lb of inferred resource in North America.
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Assuming Pen is fully diluted and using the multiple average of A$13 per lb, here are some rough valuations:
A 10ml lb resource gives a valuation of $130m or 7.5cps.
A 15ml lb resource gives a valuation of $195m or 11cps.
A 20ml lb resource gives a valuation of $260m or 15cps.
A 25ml lb resource gives a valuation of $325m or 19cps.
And thats not even taking Karoo into consideration.
As for dec 2011, anyones guess what the value would be, potentially being so close to production.
NK
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It is guess work, but looking at Hartleys Sep report, there...
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Last
8.2¢ |
Change
-0.002(2.38%) |
Mkt cap ! $261.3M |
Open | High | Low | Value | Volume |
8.5¢ | 8.6¢ | 8.1¢ | $536.5K | 6.476M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.082 |
1 | 30001 | 0.081 |
10 | 2384093 | 0.080 |
2 | 10164 | 0.079 |
1 | 100000 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 25000 | 1 |
0.084 | 20000 | 1 |
0.085 | 540000 | 3 |
0.086 | 435698 | 4 |
0.087 | 912531 | 4 |
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LITHIUM PLUS MINERALS LTD.
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