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$1.66 pensana plc

I just checked out Lynas… they have 900,344,934 shares!!!!...

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04/01/21

11:26

Post #: 49924187
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Originally posted by ChinaSyndrome: ↑

Good find Gizmo,

Here is the latest Satellite image, You can clearly see the 300kt of "Ore" (that smallish blob of dark red stuff in the bottom of the Pit), and the work that is now going on to push back the Western and Southern Walls so that they can eventually deepen the pit and mine the red stuff to a lower level. They had a 13:1 Strip ratio back in 2010, heaven knows what it is now > 20:1 ?

As I keep on saying, it will make a great waste/tailings dump for all of the Concentrates that they will be able to import and toll treat once they get their Refinery going in 2024.

If this is worth US$5B !!! then Pensana has got to be worth at least US$10-20B just for the simple fact that Longonjo already has a several times larger Resource Base.

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I just checked out Lynas… they have 900,344,934 shares!!!! Blackrock and Vanguard just become larger holders. This is fantastic!!!
Imagine the big guys looking at us after BFS

PM8 Price at posting: $1.93 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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