pen surging , page-37

"PEN's market cap would be nearly $700million. That's significantly more than Uranerz's $460m pre-Fukushima highs"

Yeah - took that on board binbin.

That's why I think shadder's lower end forecast seems reasonable based on Uranerz past and present performance - and where it is on the life cycle compared to Strata.

Shadders is assuming production commencement. So Uranerz current 'advantage' of being much closer to production is then neutralised..

So given that Strata potentially has a 50% larger resource and has a 50% higher production target (3m lbs pa compared tp 2m lbs pa), the 50% difference in market caps (ie.Strata's $700m fully diluted compared to Uranerz' $460m).