.... but even if you apply the $5/lb valuation that was applied to FTE in the article, with a 70 - 90m target for Lance and a 90 - 150m lb target for Karoo we would get a total of 160 - 240mlb target for PEN. So if we multiply that by the $5/lb we get $800m - $1.2 billion valuation for PEN!! What does that say for the share price and current market cap of $63m.
Based on these calculations the SP should be between .50 and $1.00, unless I have made a gross miscalculation. Please correct me if you see any flaws please.
.... but even if you apply the $5/lb valuation that was applied...
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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 |