"Compare with BMN with a (lower grade cutoff) resource of 160 million lbs. Setup costs of $555 million and opex of $38 per lb. (They'll need to dilute the shareholdings considerably to raise these kind of funds)"
Just a heads up re Peter Batten ex Ceo of BMN. Batten bailed just before PFS to join WCU as CEO along with richard Pesciano co director of GDN (enough said). I always wondered why ? now I know. Batten oversaw the dog stock of 2009. Pen compared to others is looking better everyday :-)
PEN Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held
