Bit of potential libel going on with some of these posts, as to...

Bit of potential libel going on with some of these posts, as to what management may have known, albeit just two weeks ago when this delay was not projected - delays happen regularly in mining construction. Bloody disappointing, again all the same.

Moving along... PEN, which hopefully goes into full production now by June with buy contracts and more potential resource, now has market cap of $173M.

Some simple peer analysis shows:

BOE has $1.3B market cap, is about a year ahead of us, ramping up production for 850k lbs in CY25 and full production of 1.5M lbs in FY 2026, similar to PEN's projection for 2027.

Meanwhile DYL $1.3B market cap is years away from production, and same with BMN at $535M.

While LOT at $579M is due to restart in Q3 25 at their smaller resource, 85% owned in Malawi.

The biggest difference would seem to be that these other companies are better funded for their works.

Appreciating PEN is unloved for continued slippages, it does seem very much undervalued if they can get this puppy humming by the end of June.

Appreciate if the skeptics can advise what other factors are at play, other than production reliability, financing and PEN being on the nose generally - as to my feeble brain, the differences in market capital appear staggering.