Don't forget though they are also paying a royalty for the related areas to UR-Energy as part consideration. This is included in the PFS cost data.
Also in perspective PEN paid $200,000 and 200M shares for the original entire Lance project leases from Pacmag. This also included historical data but not the excellent quality original database they aquired last September.
I think PEN have done very well in the deal/s.
As did PMH, as they stand to make one hell of a huge capital gain once PEN shares increase. IMO most of the PMH shareholders that received a golden handshake have sold out their prorata free shares. We went through a period of heavy selling once those PMH shares were originally issued.
PEN Price at posting:
3.4¢ Sentiment: LT Buy Disclosure: Held
