Seems all the uranium stocks are starting to turn..good to see that the true value is starting to come through ..At present the book value is $1.11 ..
Projected price by stockbrokers is $4 and using an earnings discount model simply Wall Street 's projected fair price is $12.29...Now that is based on projected earnings ..provided earnings are generated at present uranium price and Pens projected output projections of Uranium stays as projected .However one good day while welcomed and believed to be a "sharp turning point " does not necessitate that a negative price trend has evolved into a positive price trend..but so far it's a pleasant change.
Now I do value Pen at at least $4 within 3 years and I'm fine with that as a target price by the many Analysts who cover these shares ....However if Uranium rises in price "which appears most likely on the projected demand/ supply configurations" done by the International Uranium association and there target price for Uranium within 3 years is US$90 to US$100 then profits will rise sharply and the price will rise to at least double the present $4 price projection. ...but all the ducks have to line up!!??
All the best to all
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