A good analogy NKLEX.....
The low cost recovery is a definate plus and something that will make the project economically viable even at $50/lb...Im hoping for $70/lb in a long term contract
PEN looking very good now....will be interesting to see if traders pump it higher tomorrow or there will be profit taking in the short and a pull back to low 5c range...has run hot this week...DOW closed down 1% on Friday but PEN seems to go green when the DOW heads into the red.lol...no parallel IMHO its more about whether the ASX index opens down tomorrow following the DOW then its just a formality for aussie stocks to follow the US
I have to make mention in relation to the Hartleys Report regarding the $80 million dollar value (based on todays costs to drill)they placed on the the historical drill data....that has really saved PEN a truck load of cash in comparison to what they paid for the information.
Cheers MMM
low operating costs, page-2
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |