Price will get to $0.40
Back after years of sitting on this one after making money on FCU and bought into NXE when it was < $0.30. When I did the analysis of NXE (better mgmt/geologists/not under a lake than FCU etc etc), the FCU guys tore strips into me.
PTU will verify 100m over 3-4 years and if NXE (which is deep) is currently sitting at $2.30/lb/share fully diluted and in the ground, that then puts PTU at min $0.20 on a compartive and at the 21% ownership. You then get 3 major bump ups over 2-3 yrs on greed/speculation, volume, and hype = $0.40-0.50.
Sure go ahead and laugh now, no different than when the FCU guys laughed when I predicted NXE > $1.50 when it was trading at $0.22-0.30.
These guys might not have the mgmt/geog that NXE has but they have the big players behind them so in the end they dont have to sell a story, they just need to prove what they have, which is easier frankly than having to do both.