Really inaflap that's a pretty useless comparison.1. EXT have...

Really inaflap that's a pretty useless comparison.

1. EXT have 292Mpounds of JORC compliant U308 in Namibia between the two side by side projects South Rossing and IdaDome.
2. PEN have 15Mpounds of JORC compliant U308 in Wyoming
3. By those figures the share price would be calculated in your method as $6.93(SP) x (243/1800) x (15/292) = 5 cents
4. You can't guess the KRL will have 4 times as much resource soon and not allow for the fact that current predictions are for huge incresaes at Rossing South in the near future also.
5. Extract are scheduled to have their Definitive FS finished by the end of this year which puts them closer to permitting than we are
6. Most of the above is complete bollocks anyway because South Rossing and Ida Dome will be open pit mining and not ISR so the CAPEX and OPEX structures will be completely different. The only valid comparison could be made on profit per pound which is impossible at this stage of both projects.

I'm a PEN fan but some of the misinformation needs balancing here for the less cautious readers who see numbers and think it must be all very scientific and therefore correct.

Illiquid