Remember Target ... $12.36, page-109

Tomas I believe the up to date book value taking into the uranium oxide in storage and ready to sell is $1.82 and this is well above the price of £1.18 so a very quick move to $1.82 seems more than probable on successful start up as these supplies are turned into cash on delivery.

There have been many posts questioning why Pen is so cheap...All I can say is it's been a long road for Pen and lots of money has been lost through the years of continued dilution and capital raising ...but this is not unusual in mining ....many mining giants of today had a long tortious climb over many years.

No question many will be sickened by past performance...however we cannot go forward looking in the rear view mirror..and on completion of the successful ramp up of production many may be rewarded handsomely in the years that follow ...so my advice if you hate it ,loath and are very bitter , be ready to buy on a successful start up...A Bull market and a bull stock climbs a wall of worry...so you won't be the first or the last to join the buying queue ...many will wait a long time and buy at a much higher price before rejoining.
All the Best to All.