PEN market cap is $222M
BOE market cap is $2B (almost 10x PEN)
BOE overvalued or PEN undervalued?
Here's what Shaw & Partners say about difference in valuations:
When we compare Peninsula with Boss Energy (BOE, Hold, PT $4.75), there are many similarities, and yet Peninsula has an enterprise valuation around 1/10th that of Boss (US$120m v US$1,286m).
Both companies have in-situ leach uranium operations in first world jurisdictions, both will produce around 2Mlb/yr, both will be in production within a year, and both have a similar sized resource with substantial exploration upside. The main difference is that Boss is fully funded, is closer to first production and is lower cost (Boss AISC of US$26/lb).
Boss deserves to trade at a premium, but in our view the valuation gap is too wide. We also note that Boss recently acquired a 30% stake in the Alta Mesa ISR uranium project in the US for US$60m – this implies a resource multiple of US$10/lb compared to the similar Peninsula at US$1.7/lb.
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Last
10.5¢ |
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Mkt cap ! $292.3M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $1.268M | 12.00M |
Buyers (Bids)
No. | Vol. | Price($) |
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50 | 4193789 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.0¢ | 3087450 | 13 |
View Market Depth
No. | Vol. | Price($) |
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49 | 4188789 | 0.105 |
109 | 11676008 | 0.100 |
11 | 931819 | 0.099 |
4 | 382438 | 0.098 |
2 | 21500 | 0.097 |
Price($) | Vol. | No. |
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0.110 | 3087450 | 13 |
0.115 | 4382726 | 22 |
0.120 | 6379716 | 80 |
0.125 | 1964903 | 24 |
0.130 | 2104935 | 24 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
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Change
0.000 ( 0.85 %) |
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Open | High | Low | Volume | ||
10.8¢ | 10.8¢ | 10.5¢ | 2388545 | ||
Last updated 15.59pm 06/06/2024 ? |
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