Ann: Presentation - DFS Completed for Lance, page-109

1) In the last cycle, the uranium producers were valued at 10-15 USD EV/lb resource. Developer/Explorer with $5 EV/lb resource.
Here are a few examples of the current ratings:
expected producers in the current cycle
PEN 2.14
Global Atomic 3.26
Fission 2.82
Encore 2.42

2)
Developer/Explorer
GoviEx 0.68
Laramide Resources 0.75
Western Uranium 0.95
Elevate Uranium 0.80

There's still plenty of room, price action x5 shouldn't come as a surprise.

1) In the last cycle, the uranium producers were valued at 10-15 USD EV/lb resource.
Developer/Explorer with $5 EV/lb resource.
Here are a few examples of the current ratings:expected producers in the current cycle
PEN 2.14
Global Atomic 3.26
Fission 2.82
Encore 2.42

2)Developer/Explorer
GoviEx 0.68
Laramide Resources 0.75
Western Uranium 0.95
Elevate Uranium 0.80

There's still plenty of room, price action x5 shouldn't come as a surprise.