PEN is another WA based uranium business, it is the smallest of the 3 with a market cap of just $107m in our view Peninsula Energy’s flagship Lance Projects in Wyoming, USA, requires low upfront capital and can rapidly restart. PEN is the only ASX company with direct exposure to US Government initiatives which are pro-domestic mine development. Also the business is term debt free with an unrestricted net cash balance of US$8m (end Dec20q).
MM is bullish PEN.
Add To Hit List
