PEN could not be in a better place and with a more environmentally friendly extraction process.
ISL is proving to be the next wave of low cost U miners and it seems the Powder River Basin is the favoured location.
"The quality of the mineralisation within the Lance project area is highlighted by the identification of 22 mineralised sands with more than 204 km (127 miles) of roll fronts. Each prospect area contains from one to eight vertically stacked mineralised roll fronts giving multiples of resource potential over the 37 km strike length of the Lance Project area."
"Historic Drilling: 5,036 holes for 2.99 million ft or 911,822m over 10 x 35 mile area. Grades were mostly between 0.02% and 0.8% eU3O8 averaging approximately 0.06% eU3O8."
The penny will drop one day.....and we will already be here :)
The Herd will be pulling our cart when the U bull runs! This time though it will run hard an keep going. Nuclear energy...the energy of the future.
PEN Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held
