After 48 years ...., page-27

Haha... You'll know if you just do a simple math. Make an assumption of the average U price over the long term. Then subtract that price by $31 (PEN's stage 2 AISC). Then multiply the difference by 53.6 millions (PEN's U resources at Lance). The answer should roughly be equal to PEN's actual NPV. Say this formula is bullshit. Now take a look at PDN. Their mine (LHM) has 86.5 mill lbs of U. But only 75% is attributable to PDN, the remaining belong to CNNC. Their LHM's AISC is $29 per lbs. However, they are currently valued 5 times higher than PEN. OK. Say this comparison is bullshit. Now make another comparison. Take NYSE:UUUU. Their mine is also located in Wyoming. Total resource is about the same as PEN's. Their financial is also about the same. But they have market cap of 5 times higher. OK. Say all this is bullshit. Just wait for the preliminary fy20 report which is due on 15 Sep. I hope you like my 2 cents.