Interestingly when I change the price/lb of Uranium to the 20...

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C3111824

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29/03/24

17:15

Post #: 73119338
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Originally posted by Pricklyman: ↑

Yeah I mean I don't think there's going to be a perfect way to speculate potential share point, imo at least. If the price of U308 spikes by double and a bunch of contracts get signed at the higher rate, it all goes out the window, or vice versa. It's a volatile marketplace...

Regarding the percentage of ownership, someone with more PDN specific knowledge may be able to come in to assist there. The annual report as I (very briefly) read it isn't particularly clear as to whether the numbers there are mine totals are "PDN's totals" (so to speak), but as said, someone who knows more than me about PDN specifically will hopefully be able to assist.

Net value / number of shares is reasonable per say however as said, is only the revenue side of the ledger, not the costs. Inevitably that won't represent profit, which is the true goal of any enterprise, mining or otherwise. It's good for guesstimate purposes but imo at least, net value <> share price, and we'll have a better idea of profitability once barrels start getting shipped. MCAP is always going to represent to a certain point the idea that PDN (or any orgnaisation) may be able to make future gains; maybe one of these mines where they are exploring makes another hit...etc. So never going to be perfect...

What I think your analysis really highlights well, and is true across most U plays in the ASX, is that there's a ton of cash in the ground waiting to get dug up and sold to parties that require the resources. Once the mines are built and the value unlocked, as shareholders, we'll see some of that flow to us!

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Interestingly when I change the price/lb of Uranium to the 20 day MA for spot, the speculative share price (solely based on the net value of measured LHM resource) becomes $1.413, close to our recent daily high of $1.415.

All speculation as you say, though I feel better having some metrics for ongoing evaluation when updates arrive - hopefully soon! Whether they are progress/ resource updates or changes to geopolitical drivers. I'm particularly interested to see how this spreadsheet stacks up on changes with indicated/inferred to measured at LHM (even though its seemingly only an additional 30 odd percent). I think this is the big difference in confidence with PDN over DYL and BOE - much of their find is limited to the unproven.

PDN Price at posting: $1.37 Sentiment: Hold Disclosure: Held
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0 Great analysis

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