Ann: A$10m SPP Closes Substantially Oversubscribed, page-165

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