PEN - Peninsula Energy

[Sean K]

Re: PEN - Peninsula Minerals

Thankfully the USA values ISR uranium projects

Here is a comparison of PEN's Lance project, with what the USA regards as one of the good ones.

Both companies projects in the Powder River Basin Wyoming USA, both the same ISR process. Data sourced from the respective companies recent PFS.

Lance is also noted as having a Darcy rating around 4-5 times higher than Uranerz has reported (as mentioned here previously).

Both companies are delineating further resources.

Uranerz is on a buy recommendation with 5 USA brokers and is ahead of PEN by 12mths on permitting and proposed start up.

The figures speak for themselves. Also do a comparison of the Opex and Capex of PEN compared with conventional miners costs. You will see why ISR is so good.


PEN 15.1M/lbs -
$72.1M Capex (of all plant and equipment including contingency for replacement cost of around $11M and mobile equipment)
$21.42/lb Total Opex (including taxes and royalties)
$14.00/lb Opex

Uranerz 11.25M/lbs -
$85.2M Capex (of all plant and equipment not including any contingency for replacement cost of plant or any mobile plant)
$32.70/lb Opex (including taxes and royalties, plus $6.70/lb toll processing fee)
$26.00/lb Opex

Good stats on the surface of it hang. What's the mc of both attributed to the projects? Would make the comparison clearer.

 

[hangseng]

Re: PEN - Peninsula Minerals

My main focus was comparing the projects Kennas, but good point.

Not 100% accurate but very close at todays sp's:

URZ Mkt cap - USD$83,140,295 (~AUD$$94,779,937.10)

PEN Mkt cap - AUD$64,600,000 (~USD $56,666,666)

US brokers are suggesting URZ targets of USD$2.30 to USD$2.80 leading to production next year.

 

[Sean K]

Re: PEN - Peninsula Minerals

My main focus was comparing the projects Kennas, but good point.

Not 100% accurate but very close at todays sp's:

URZ Mkt cap - USD$83,140,295 (~AUD$$94,779,937.10)

PEN Mkt cap - AUD$64,600,000 (~USD $56,666,666)

US brokers are suggesting URZ targets of USD$2.30 to USD$2.80 leading to production next year.

Just a very quick glance at URZ web site and they don't seem to have anything else on the radar except U in Wyoming, so probably a fair comparison.

PEN underdone by the look.

Or, maybe URZ rated at production numbers.

Or, in the middle somewhere.

On the surface seems good for PEN future numbers.

 

[hangseng]

Re: PEN - Peninsula Minerals

My apologies Kennas, I said 5 US brokers, it was 4 brokers 3 of them Canadian.

These brokers are suggesting URZ targets of USD$2.30 to USD$2.80 leading to production next year based on the current data.

as follows:

Versant Partners
01/21/2010
Buy C$2.80

Dundee Securities
06/08/2010
Buy C$2.35

GMP Securities
03/18/2010
Buy C$2.30

Haywood Securities
03/18/2010
Buy US$2.60


Hartleys had this on PEN in a recent buy recommendation report when comparing with ISR peers:

"Analysis of US / Canadian listed peers, Uranerz, UR-Energy, Powertech and Uranium Energy Corp, indicates that ISR companies trade on an average multiple of A$13 per lb of inferred resource in North America.

Using this benchmark against Peninsulas targeted 15mlb inferred resource by mid 2010 results in a valuation of $195m or 11cps, based on only the potential from the Ross and Barber sites.

If the Company can prove up the stated exploration potential of 76mlb, this would result in a valuation close to $1b or ~57cps from Wyoming.

This does not include potential from the Companys assets in South Africa."

But as we all know the sp of PEN will be decided by the market no matter what is put up on the boards.

 

[Sean K]

Re: PEN - Peninsula Minerals

Crikey, have I got the stock code wrong here.

PEN @ 0.034c. Must have a load on issue. Untidy. I guess they have been issuing and issuing to raise capital along the way.

Hartley's 6 mth target 0.094c!

Crikey! Blue sky according to them.

Will be hard to beat 0.04c though I feel. If they do, major break.

Great support at 0.03. That looks hard to beat now too.

PS.

Have to take Hartley's price targets with a grain of salt.

In June 09 they had a 6 mth target of 0.082c when the stock was 0.031. Six months later 0.04c ish. Won't go too deeper than that at this stage.

 

[hangseng]

Re: PEN - Peninsula Minerals

Yes Hartleys and almost every other brokers sp targets since the GFC. Definately not exclusive to PEN or Hartleys.

In fairness they had a target of 8.2 and it went quite strongly to 6.1 before the market started to crumble again. Can't hold that against Hartleys either. RCR also has a buy recommendation on PEN.

It will be very interesting to see what pans out from here though.

As for shares, yes they have a large number of shares on issue. However as you rightly pointed toward in your previous posting it is market cap that matters, not the number of shares on issue.

 

[Sean K]

Re: PEN - Peninsula Minerals

Yes Hartleys and almost every other brokers sp targets since the GFC. Definately not exclusive to PEN or Hartleys.

In fairness they had a target of 8.2 and it went quite strongly to 6.1 before the market started to crumble again. Can't hold that against Hartleys either. RCR also has a buy recommendation on PEN.

It will be very interesting to see what pans out from here though.

As for shares, yes they have a large number of shares on issue. However as you rightly pointed toward in your previous posting it is market cap that matters, not the number of shares on issue.

Yes GFC destroyed everything, and will again if it goes pear again. Right about shares on issue. Maybe they need to do a consolidation like EXT did a couple of years ago. Why have so many shares on issue?

 

[Donga]

Re: PEN - Peninsula Minerals

Yes GFC destroyed everything, and will again if it goes pear again. Right about shares on issue. Maybe they need to do a consolidation like EXT did a couple of years ago. Why have so many shares on issue?

Think PEN have been around a long time lol but hanseng's data is very compelling and expect there is much upside on LT uranium prices given China and Obama dynamics. I'm in even though losing at present. Thank goodness for a couple of O&G plays that have outperformed in the past few weeks inc my rave PEP 11 project

 

[hangseng]

Re: PEN - Peninsula Minerals

Yes that could happen Kennas but I have discussed just that a couple of times and it receives a stern definate no each time.

Why so many shares? Simple it is either that or borrow funds. They have zero debt so a bonus. One thing it does do is provide liquidity, something I know EXT holders would have love to have had when the sp hit $10. To quote my friend who has. A load of ext "I couldn't sell as everyone was trying to and the stock wasn't liquid enough."

She still holds but is looking to get out now.

SDL has even more shares on issue. Might pay to watch that closelly

 

[hangseng]

Re: PEN - Peninsula Minerals

CEO/Chairman Gus Simpson on BRR, well worth a listen.


http://www.brr.com.au/event/67022/p...d-the-economics-of-uranium-mr-gus-simpson-ceo

 

[Miner]

Re: PEN - Peninsula Minerals

CEO/Chairman Gus Simpson on BRR, well worth a listen.


http://www.brr.com.au/event/67022/p...d-the-economics-of-uranium-mr-gus-simpson-ceo

Hi Hangseng

Where you have been ?

I thought you have taken retirement from PEN thread.

I have noted your postings and exchange with Kennas with great interest and definitely the data you posted are encouraging. Hope PEN rises to your expectation as well. I do mean being an existing holder !

I however do not make much credence on brokers' reports or BRR . They will publish when you commission them. Same goes with Aegis notes.

But without being discounted on brokers' reports, prediction or BRR publicity on the face of it PEN has a great future. Uranium prices are going up and once feasibility study comes out in the market hopefully the prices will be greener.

Thanks again and take care

 

[hangseng]

Re: PEN - Peninsula Minerals

Hi Miner, I have been very busy of late and this thread was so quiet I got tired of chatting to myself

I agree with your sentiments in general but it is all information. I for one never discount any information. To me it all goes to make up a part of the basis on which to make decisions.

I know Gus pretty well, and although he obviously can't divulge plans to me he does elaborate on already announced data. I can tell you I have never heard him as excited as he was today on BRR.

With every day now I find more and more positives with PEN. Apart from the current sp I can't find one thing wrong with the company, the projects or the way they are progressing.

Many have attempted to dump on PEN with all manner of information. Most of which has progressively been proved to be either complete rubbish and in the case of another forum outright lying and manipulation of facts by traders.

I am very comfortable with my holdings in PEN and have increased again since the last CR. I will continue to do so now at every opportunity while PEN remains under the last CR price.

Hope your world is good mate.
Cheers
HS

 

[barney]

Re: PEN - Peninsula Minerals

Hi Miner, I have been very busy of late and this thread was so quiet I got tired of chatting to myself

HS

Lol ....... Can't have you talking to yourself HS ......

I've been quietly accumulating this little "fella" for a while as well (Hope thats not a reason to dump it !!

Uranium is the most likely candidate for the future of clean energy .... These guys (PEN) are way ahead of the pack if that is the case. Great management team and quality resource with the potential for exponential increase in that regard .......

Nice SP increase recently after a long consolidation period ..... Basically, the fundamentals are lining up with the technicals ...... Looks V good in the medium/longer term ..... certainly worth checking out for those who haven't noticed it yet.

 

[hangseng]

Re: PEN - Peninsula Minerals

Still a way to go but PEN is really looking the goods project wise.

The big ticket items that will really get the sp moving though, in no particular order are:

• Increased Jorc, especially to indicated
• Permit approval
• Funding

All we are doing at the moment is gathering up lost ground following the last 2 CR's and a down market generally. But great to see the corner finally turned.

T/A is starting to look a little healthy now.

 

[eunza]

Re: PEN - Peninsula Minerals

I don't usually trade / following penny stocks as they can be very unpredictable. You can't really properly chart a very low price / low liquidity stock as they jump all over the place -

However PEN would be an exception for me - I've included a 3 day chart that smooths the recent action. Sorry for an overload of information on the chart however I wanted to highlight the following:

Disclaimer - ALL chart information marked has been entered AFTER the fact. (as in today) so info is in hindsight.

3 DAY
- 4 set grouping of similar RSCD chart action over 2 years.
- Each SP upswing is preceeded by upward blue RCD swing (arrows on middle chart) - The larger the swing the more the momentum to swing back to a bullish result.
- After each major blue RCD upswing the entrance point (pink) enters the Centre line (varies per entry).
- RSI also matches upward trendline approximately (only a secondary indicator))
-Volume increase up to and during start of upswings.

7 DAY
- basic chart attached - highlights of RCD entry points (and relation to SP movement)

-eunza

Still a way to go but PEN is really looking the goods project wise.

The big ticket items that will really get the sp moving though, in no particular order are:

• Increased Jorc, especially to indicated
• Permit approval
• Funding

All we are doing at the moment is gathering up lost ground following the last 2 CR's and a down market generally. But great to see the corner finally turned.

T/A is starting to look a little healthy now.

 

[Sean K]

Re: PEN - Peninsula Minerals

For trading, that 4c mark still an issue, regardless of funnymentals.

Investing wise, I have no idea on this one.

Hartleys calling some odd 6 mth targets. One month up, the next month down.

Aug .089

http://www.peninsulaminerals.com.au/images/peninsul-134--pohga.pdf

Jul .094

http://www.peninsulaminerals.com.au/images/peninsul-134--phain.pdf

May .089

http://www.peninsulaminerals.com.au/images/peninsul-134--eizua.pdf

huh?

 

[hangseng]

Re: PEN - Peninsula Minerals

The only sp that will matter for me kennas is the one when PEN hits production. Anything in between is market noise.

Regardless of Hartleys or anyone else the market will decide what the sp will be in 6, 12, 18, 24 months time.

I would like to see another broker do a PEN analysis. So far only Hartleys and RCR Capital Research. Both of which report highly of PEN.

The interest is building slowly but surely though. Traders I am sure will again be all over PEN on each announcement now. Quite a few will be coming through as well from here on, so they will have plenty to play with I am sure.

 

[eunza]

Re: PEN - Peninsula Minerals

Still looking good.

note continued uptrend and high chance turnaround of RCD / RSI on the chart.

 

[Megacents]

Re: PEN - Peninsula Minerals

It would be good to read a report from someone else. This would give a different viewpoint.

I can understand why PEN does get traded. The SP slowly goes up hits a ceiling and then slowly goes down to a floor. Most time it is at most 0.5cents but it does give a return and can increase free carried stock, if you are in for the long term.

Should be a resource update soon.

invest well and thanks for the information

My thoughts are for entertainment only

I would like to see another broker do a PEN analysis. So far only Hartleys and RCR Capital Research. Both of which report highly of PEN.

The interest is building slowly but surely though. Traders I am sure will again be all over PEN on each announcement now. Quite a few will be coming through as well from here on, so they will have plenty to play with I am sure.

 

[barney]

Re: PEN - Peninsula Minerals

Should be a resource update soon.

A healthy 67% increase in the total resource estimate today ..... Considering they have only drilled a small portion of the potential resource, the future looks very positive for PEN. .... Management efficiently getting the job done as usual.


PENINSULA ANNOUNCES SIGNIFICANT RESOURCE UPGRADE AT
LANCE
Highlights:
● JORC-compliant Resource Estimate now totalling 25.2Mlbs U3O8 comprising:
● Initial Measured Resource of 3.6 Mlbs U3O8
● 130% increase in Indicated Resource from 4.0Mlbs U3O8 to 9.2Mlbs measured
and indicated
● Measured and Indicated U3O8, comprising 37% of the total resource estimate
● 67 % increase in total resource estimate
● 90% of Ross Permit Area Resource defined to Indicated or Measured Category
● Resource extension drilling continues with a further resource update expected
December 2010 as part of the Definitive Feasibility Study