Of real interest:
The Company is targeting production of 1.5mlb per annum, which we value at 8cps, fully diluted, based only on the current JORC resource.
Additional Mineralised Potential of 50-80mlb U3O8 Identified
The work done to calculate the maiden JORC has also allowed for an estimation of the potential resource over all of the 13 Lance Projects based on the conversion rate of identified roll fronts (areas of mineralisation) to resources. This estimate is 50-80mlb U3O8 over and above the maiden JORC resource. Commercialisation of this potential resource could add 32cps!!!!!! to our valuation.
Thats a total value of 41CPS!!
Would expect this to be diluted at some stage to fund further drillig, but still massive upside!
http://www.peninsulaminerals.com.au/images/peninsul-134--kucee.pdf
Of real interest:The Company is targeting production of 1.5mlb...
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