right hq, where are the resource upgrades, page-72

That's right mickqld I think U price is going to be big factor in PEN SP this year and with most observers being bullish abut the outlook, that coincides well with timing for PEN start of production as well. Col, imo 11 months is not a long time to wait for multiple returns if you are a LT investor...

My time horizon is for 2014 so the resource upgrade will come when it comes as far as I'm concerned - the PEN onion is slowly getting de-risked one layer at a time.

Cheers, Sharks.