While it is nice to discuss the price of uranium please remember that yellowcake is a precursor to uranuim. While U3O8 may be forecast up to $90lb, yellow cake is likely to be worth about 50% of this value. Still not bad tho. However, unless they are going to build an enrichment plant (as if....) PEN are not going to see the price of uranium paid for their mined product. Not trying to be negative but to value this company based on price of U3O8 is overstating the situation. Note: when comparing PEN with other U mining stocks this applies to all as no one mines U3O8. Still very happy with the prospects of this one. Exciting times ahead.
PEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
