its a very rough calculation and extrapolation from the figures on page 6 of the latest quarterly.:
production expenditure over last 12 months totals $11.2mil for approx 160,000 lbs of U3O8 captured = $70usd per lb. i note that this excludes development and expenditure costs.
The cash sale price for 120,00 lbs sold is noted as $43.34USD per lb.
i hold PEN as a longer term uranium bull, and would love PEN to fly, but i want to know what the realistic figures are. thankfully my PEN holding is the remnants of the profits of previous successful trades with PEN. the question is whether other Uranium plays present better value (e.g. PDN).
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