WNN PEN news, page-4

No spin just lack of research IMO. You are correct though slick and they could have easily found the updated information.

NRC Nov 2015

"By letter dated September 30, 2015 (Strata, 2015b), Strata submitted its evaluation that restricting the operation in Mine Unit 1 to the first two header houses, rather than four as used in the original surety calculations, yielded a cost that is less than the existing surety instrument. Staff reviewed and agrees with Strata’s evaluation. Consequently, Staff issued Amendment 4 to license SUA-1601 for the annual surety update (NRC, 2015d). The limitation to the first two header houses is included in the amended license condition.

Therefore, this issue has been resolved with respect to verification of the MU1 Wellfield Package. "

PEN Presentation Jan 2015

"• Stage 1 production rate of 600 - 800,000 lbs U3O8 p.a. for period 2015 - 2017
– 1,600,000 lbs total production to 2017
– 1,050,000 lbs contracted @ WAP $75 per lb U3O8
– 550,000 lbs to be contracted for 2016-2017;
– Initial Ion Exchange Circuit and Reverse Osmosis Plant
– 7 header houses, reduced CPP and well field development
– 1 Deep disposal well installed
– Resin stripping, drying and packaging done under contract at 1 of 2 other plants who have scaled back production due to poor market conditions"