If we ignore the inferred resource and the exploration potential of PLS (which is huge)and pretend the resource is only 80M lbs U3O8 and a price of uranium at $50 we get a value as follows:

80M * $50 = $4000M

On a per share basis that is $10.66....lets say $10

Let's cut that by 2/3 for costs and say a profit would be roughly $3

So the share price should be metween $3 and $10 and it is trading at $1.

Of course Fission would not sell PLS for these prices because they believe the resource is much bigger than 80M lbs.

This will be the most sought after deposit in the basin....open pit and road to the property..

So what should the sp be? Much higher than $1.

Will it go above $2 today......perhaps but how many investors undrsatand the value of PLS....I suspect not enough

SN