MAGA, Its 80 million worth.
Just for an exercise, lets change the equation.
Lets say Pen have just aquired the Lance project but with no drilling or data to date. They are standing on a very greenfield project.
BUT!!! They just happen to have $94,500,000 in cash in the Bank. (80+14.5=94.5)
A far cry from their current market cap of roughly around 36 million.
An I have not even factored Karoo into the equation.
Cheers NK
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