Ok,, i am going out on a limb and have run some numbers on PEN for the re rating(its fair market value) based on number of shares , production costs ,future product value, m lbs produced pa , time lines to BFS for Wyoming , a 50%discount for risk verse reward. Not calculating any blue sky or future production in South Africa .
I did not use pounds in the ground comparisons but used future pounds produced.
I came to the current market value of 25c to 30c which surprised myself as i was thinking around 10c....:)
So as long as drill results remain positive allowing PEN to BFS and then producer there is some upside in PEN.
If pen makes it to producer then a fair market value would be $3.00 on Wyoming alone.
Happy to be shot down in flames,Stormboy1
fair value.
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Last
8.0¢ |
Change
-0.003(3.61%) |
Mkt cap ! $254.9M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.4¢ | 8.0¢ | $2.227M | 27.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1345233 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 438252 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |