With a current forecast price of US$70
If this actually occurs when PEN reaches production then PEN will be re-rated significantly.
Based on the study this will leave PEN US48 p/lb after ALL costs. I am not just talking Opex, I am talking Capex, royalties, tax and forecast finance costs.
At 1.5Mlbs per/ann for Ross and Barber alone this equates to around US78,000,000 net being approx 7.8c per share at EPS of 1:1.
Now look at PEN with the potential of Karoo and expansion of Lance. Potential of well over 220M/lbs.
Re-rating imminent...IMHO of course ;)
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With a current forecast price of US$70If this actually occurs...
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Last
8.1¢ |
Change
-0.002(2.41%) |
Mkt cap ! $258.1M |
Open | High | Low | Value | Volume |
8.4¢ | 8.4¢ | 8.0¢ | $1.245M | 15.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 355871 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 80192 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 355871 | 0.081 |
27 | 2752503 | 0.080 |
8 | 567475 | 0.079 |
8 | 591201 | 0.078 |
3 | 1412999 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 80192 | 2 |
0.083 | 374288 | 4 |
0.084 | 1769 | 1 |
0.085 | 38201 | 2 |
0.086 | 90000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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