capex and opex_benefits of isr and lance, page-30

I did, that's why I bought PEN.

You want to hope the PFS comes in ok. They are only using a cut-off grade of 100ppm (and avg grade of only 228ppm), which doubles the resource estimate.

"averaging 218ppm U308 for a contained U308 content of approximately 6.7 million pounds (or approximately 3,000 tonnes contained U308), at a cut off grade of 150ppm U308 (table 1). Contained U308 more than doubles to approximately 15.3 million pounds at the 100ppm U308 cut off grade."

IF PEN did that then we are looking at an initial target of 45M/lbs and overall target of 240M/lbs+. So easy to play with numbers.

Lowering the ppm cut-off grade in the estimates did nothing for BMN or PNN. PEN's conservative approach of using 300ppm cut-off will prove to be a good one. Under promise and over deliver...