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27/03/24
21:54
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Originally posted by tutes:
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40c not rubbish at all 40c is definitely possible once we are closer to production.. I think PEN will rerate and catch up to peers once we get closer to production (IMO & DYOR) PEN market cap currently $260M Let's say SP triples from here as an example, ie 36c... gives us a market cap of $780M We all know spot price is going higher from here, plus many great fundamentals/catalysts for PEN and uranium to list here These market caps will be much higher later this year, but even as of RIGHT NOW, the market caps of the following companies are: PDN - $4.09B BOE - $1.91B DYL - $1.17B LOT - $714M BMN - $558M So as a comparison, and I know each company is different, I think PEN getting to $780M (triple from here) is highly likely
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I agree with you but will not say anymore about this as I despise upramping and I do not want to be accused of it myself.