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
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