has everybody read page 6., page-9

So looking at the EV/resource ratio of $3.34/lb. I assume this is in AUD. So this reflects the enterprise value ($93m) divided by the JORC resource (25.2 mlbs).

93/25.2 = 3.69 (not 3.34). Not sure why the difference unless it is to with the ave noted at the top of the column giving a ave EV of $84m.

Nonetheless the point I guess is that PEN's uranium value is significantly less than its peers by between 62% and 695%. Also the Karro prospects dont even feature in the calc as the are not at resource status.

Uranerz has less total pounds (19mlbs) but more in the measured and indicated category (15.7mlbs vs 9.2mlbs)

So as soon as we get more resource definition for the DFS which should see more pounds move from inferred to indicated and measured hopefully we will see an increase in Ev/R and hence share price.