Ann: Half Yearly Report and Accounts, page-16

Wow
pens cap is trading at what he raised over 6 months back fid and to complete the mill to be a fully operational mine and mainly to the funds
a raise = to $2 a share post consolidation
the uranium space is getting hammered but markets go irrational

to break this down a explorer if successful to get where pen is at this stage today
would need a estimate of $1b and at least 10 years
cost of mine the biggest expense about half a $b
the resource the development the permits and all the studies
on top pen has some cash and holds physical
all this for $100m cap has to be the cheapest uranium miner