New Video Coverage on $Pen! Huge News for Uranium in U.S.!, page-152

VMY is not over valued IMO it will be a first class producer matching the quality and grades of Athabasca basin.

However VMY & PDN both highlight how much PEN has to catch up and exceed the performance of stocks like these and other non producers, unlike others they are located in the USA the largest consumer of Uranium in the world and they do have existing contracts until 2030.

Unlike other non producers PEN has excellent cash flows for the next two years and will be unlikely to raise funds in this period.

I would expect there to be an update soon in terms of current recovery pH trials and that nothing has changed regarding a 6 month restart following their investment decision. IMO the market totally misunderstood the last update and the 6 month delay in perfecting the optimimim pH required for maximum recovery. As a licensed producer and one of only 3 currently able to mine within 6 months in the USA, regardless of the trials to increase recovery, when U308 hits $40-$60 the upside for all producers particulaly in the USA will be enormous.

As a long term holder continuing to buy PEN, I do not trade my Uranium stocks I am prefering to sit back and relax, holding and waiting for the inevitable violent rise in U308 which IMO will exceed the highs of 2006/7. When it does move it will catch out a lot of investors with unbelievable increases...so far the market is just warming up so look out! The restarting of Cigar Lake is like a fuse.... Spot availablility is all but dried up. GLA