People still forget how much pen and Lance is worth.
Year 2011
Lance Pre Feas
Rev US perlb $65-75 U.S. a year 112 Million Dollars
Cost per lb after tax etc was $30 making them $45 million a year
NPV 10% after tax IRR $162 million 48%
1.5 Mlbs p.a. U308
Grade 508ppm
Recovery est 76%
capex 53M / 26M over year 2 and 3
opex $13.5lb
Pen will be buying other projects like they had in 2011 once the price starts to pick up.
Lance is all they need for now.
As people stated above there is clear manipulation in the stock currently. Its worth .30 for sure.
People still forget how much pen and Lance is worth.ShareYear...
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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