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1.05% 9.4¢ peninsula energy limited

Spot uranium price can go up to $200 overnight and it still...

  1. tutes
    3,324 Posts.
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    29/10/21
    22:46
    Post #: 57196166

    Spot uranium price can go up to $200 overnight and it still wouldn’t affect what price PEN buys uranium at.

    PEN has fixed price contract to buy uranium at around $30 until end of 2023. They then sell at $50, making a healthy profit.

    This is the reason why PEN knows for a fact they will be receiving $8M-$10M in cash next year.

    In 2024, they should be producing from Lance with low pH
    PEN Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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