closer to home isr comparisons, pen looks good

In comparison to other ISR companies targeting uranium, its looking pretty good what PENS shareprice should reach once the required and first targeted JORC comes in.

Analysis of US / Canadian listed peers, Uranerz, UR-Energy, Powertech and Uranium Energy Corp,
indicates that ISR companies trade on an average multiple of A$13 per lb of inferred resource in North
America. Using this benchmark against Peninsulas targeted 15mlb inferred resource by mid 2010 results in
a valuation of $195m or 11cps, based on only the potential from the Ross and Barber sites. If the Company
can prove up the stated exploration potential of 76mlb, this would result in a valuation close to $1b or
~57cps from Wyoming.

!!Average multiple of A$13 per lb of inferred!!


Hartleys comparisons with other companies here using similar techniques is probably the closest to accuracy as far as comparisons go, that I can see.

NK