PEN 4.55% 11.5¢ peninsula energy limited

general meeting, page-3

  1. 2,180 Posts.
    MOTTY...Thanks for the update..ive given you a big thumbs up....very inmformative post and in line wth why we are all on the PEN train....i somewhat agree and did mention in one of my previous posts that the 1.3 billion on issue wont be looked at until they have production under their belt so i was right in that respect.....cant see the point....look at the likes of PNA /DYL etc all have over 1 billion on issue and trading in the 30c range....DYL hasnt produced anything yet thus i think with PEN targeting up to 70-100/lbs its a bettr buy than DYL as it is one of the lowest cost producers and payback is quicker (approx 1.3 years) considering we are looking at 2012 production timelines....PEN will be re-rated shortly IMHO
    cheers MMM
 
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