potential cash injection of $27.7 million, page-5

Dhuy,

Have you been hopping into the champers this morning. Can you have another look at your figures

"Speculative I know but bare with me for a moment. Consider the possibility that PEN is at around 15c by then, not unrealistic considering Pen will be near construction stage. This is an approximate market cap of $130M...."

SP 15c X 1.4B shares = 210M Mkt Cap.

"Consolidation at 1:10 would convert this to a mere 107M shares on issue and the mkt cap would be ~$255M and the shares now at $1.50."

1.7Bn / 10 = 170M

Can you clarify for me, I might have missed something yesterday