I note with EXT with around 240M tonnes inferred & indicated at Rossing South. we just may easily prove up about 1/4 of their pounds in ground in the near future at Lance.
Note they have only 243 Million shares out compared to PEN's 1.8 Billion and trade at $6.81 currently so divide by 7.4 for shares difference and by 4 again for resource total difference.
$6.81 divide by 7.4 = 92c
92c divide by 4 = 23c
Are we undervalued at today's prices in comparison you bet we are. Specially when they use a 100PPM cut off to define their resource.
DYOR..........as we can't do it for you
notice, page-18
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $1.538M | 14.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 268799 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 5585591 | 46 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |