presentation

pnn presentation at the aust. u conference out:

highlights..

Summary
Uranium Project – South Australia

An advanced exploration project with a defined resource of U3O8 ready to develop

19.8 million lbs of U3O8 JORC compliant resource at Crocker Well and Mt Victoria

26 additional known uranium prospects to be investigated. 10 surface outcrops ready to drill

Very high grade surface samples (up to 26kgs/tonne U3O8) from newly discovered Becaroo and Anomaly A Prospects

Potential for Palaeochannel Uranium Deposits

Potential for unconformity related Uranium Deposits on the Willyama Fm/Adelaidean contact

Has the potential to generate a cash flow of A$160 million per year based on producing 585t/annum (A$275 million per year based on producing 1,000t/annum)

Capital costs to establish the processing plant, mining contractor, waste disposal,water supply and rehabilitation estimated at A$160 million (PepinNini share A$64 million)

Cash flow for PepinNini of A$64 million per year based on producing 585t/annum (A$110 million per year based on producing 1,000t/annum)
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It is a keeper and a screaming buy at the current SP.
Current MC of $102 mil against potential earnings of $64mil per year, stascks of cash in bank, low dilution, low capex costs, jv partner, all good ;)