Tomas ..if that is a valuation that includes unsold uranium ore...

Tomas ..if that is a valuation that includes unsold uranium ore in storage then it's correct...just shows how cheap PEN is and as I said it should sell at least 2 to 3 times book value ..I see catch up time happening soon after economic production starts as the institutions are satisfied that there will be an increasing earnings flow and they discount the earnings flow..As I said because of shortage of supply of uranium against a strong increasing demand we are looking at multiple dollars for Pen ...and I would be amazed if pen is not bought out by a major US company for at least $10 plus...some might indeed say in Australian gambling slang "it's a lay down Misere.."
All the Best to All.