Only earning after tax:Average 1,2 m LBS per year X (80$ uranium...

Only earning after tax:

Average 1,2 m LBS per year X (80$ uranium - 50 $ All In Sustaining Cost) * 10 years (if P/E goes to 10) = 360 US$

After Tax: 360 - (360*0,3) = 252 mUS$ = 363m AUD $ market cap.

Only half 6m lbs are contracted, so we can expect higher prices on rest of contracts.

PEN have about 60m Lbs of uranium in ground. Infrastructure and ISR facility. That is also a value.


If price of uranium will be 120$, then uncontracted uranium will give us:
4m lbs * (120$-50$) = 280 - (280*0,3) = 196m US$ = 283m AUD$.

So:
Contracted:
1,2m annually * 30$ profit * 5 years for contracted uranium (6m lbs) = 180m US$ - (180 * 0,3 tax) = 126 m US$ = 181m AUD$
Uncontracted:
283m AUD$

Total:
181+283 = 464m AUD $ market cap

This only accounts for 10 years mining earnings (P/E = 10).

Infrastructure will be worth 100 m US$. 464 + 144 = 608 m AUD$ market cap.

Future 40-50 m lbs resources from Lance and Dagger will be worth something.

But if price to earnings will go to 20, or PEN archieve 2m lbs annually output, then market cap doubles.

P/E for Kazatomprom is 10.
P/E for Cameco is 100.
Where will be P/E for Peninsula if they show positive results?

So, upside from here is from 110% to 220% or more. If PEN can't produce with their chemical solution- then we have a problem.

I think problem with this company is not only bad sentiment (every near term producer need to dillute and have problems. Lotus or URG is an example).
Problem is the NAME: Peninsula Energy- it is boring, not related to nothing. In eg. UEC- Uranium Energy Corp. If you look at it, you know that they dig for U3o8 .


This guy made some math, not related to my research: