uranerz doing a pen, page-5

When you see what it included it is very good value.

Pages 2-3.
http://www.peninsulaminerals.com.au/images/peninsul-19--ahnii.pdf

Don't forget though they are also paying a royalty for the related areas to UR-Energy as part consideration. This is included in the PFS cost data.

Also in perspective PEN paid $200,000 and 200M shares for the original entire Lance project leases from Pacmag. This also included historical data but not the excellent quality original database they aquired last September.

I think PEN have done very well in the deal/s.

As did PMH, as they stand to make one hell of a huge capital gain once PEN shares increase. IMO most of the PMH shareholders that received a golden handshake have sold out their prorata free shares. We went through a period of heavy selling once those PMH shares were originally issued.