u308 is the future, page-13

I agree with all of the following:
- PEN is less risky then BMN
- PEN is closer to production than BMN
- PEN is a lower cost producer and has lower capex than BMN
- etc, etc.

But what's also important to take into consideration is the fact that BMN's market cap is $52m and PEN's market cap is $213m.

So PEN is currently valued at 4x more than BMN and the advantages for PEN and the additional risks for BMN highlighted above could POSSIBLY already be factored into their respective share prices.

So IMO, the more important question to ask then is whether the advantages PEN has over BMN as noted above is worth $161m ($213m-$52m). Is BMN undervalued or is PEN overvalued. Perhaps they are both correctly valued. That's what everyone is trying to work out. The person that gets it right is gonna make himself a lot of money IMO.

Just my thoughts.