upside

Dhuy, have read your comments with interest on this stock and am interested in where you think it might go. You seemed to have a good predictive handle on its progress so far. I have held since the split from PMH having read somewhere at that time that PEN was thought to have a prospective value of about 80c Australian once in production. If you do the maths (and apply a 15PE ratio) to the info in the announcement - the U in the US is worth about 7c Australian a share once in production which would give us about $1 a share valuation on this resource alone - don't know if this makes sense or if I have missed anything, happy to know if I have, but this would seem a really really good reason for holding.