You may very well be right illiquid. It will be very interesting to see what happens to the Uranerz sp as it gets closer to final permitting and production.
However, with Uranerz having 5 project areas to achieve what is indicated by them compared to PEN having only 2 is telling. PEN are cleverly going to utilise a central processing plant and a single satellite plant, compared to URZ having a main processing plant and 4 other plants. Lyntec have done very well with this and is it is something I highlighted a while back of being a possibility.
The fact Uranerz has been at this longer than PEN and is almost 4M/lbs behind PEN at this stage, indicates to me that PEN will be well ahead of Uranerz in 18mths time. Also URZ are planning on a maximum of 2M/lbs p/a and a mine life of 5 years.
I think it was an excellent comparison to pick up on by NKLEX and one that all LT holders should be watching with interest.
You may very well be right illiquid. It will be very interesting...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $1.445M | 13.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 918733 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 6247028 | 46 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |