uranium sleeping beauties, page-6

From the article:

http://www.businessinsider.com/spot-uranium-sleeping-beauties-before-the-market-wakes-up-jeb-handwerger-2012-7

"JH: Right now, U3O8 is priced at about $0.77/lb uranium; Hathor was bought out for $11/lb and Mantra for $10/lb. That is almost a potential tenfold increase. As the project is derisked in the second half of the year, the stock should get to at least a comparable value to some of its current competitors, at over $1/lb."

Simplistically with 15 Mlb M&I PEN has a potential price of $ 150 M, divided by 3 B shares and options, that is 5 cents a share T/O price.

If Gus could get the price for the resource then PEN would be looking at 16 cents per share now. Obviously there is significant potential for improving the reserve/confidence of the U in the ground as PEN gets closer to production and and when the U price starts moving north so IMO good upside to be had here LT.

DYOR.