economic recoverable uranium

When Pen next year announce their JORC resource for the Lance Project, investors will know that Pen have added to the worlds
Known Uranium resource
and to the worlds
Economic Recoverable Uranium resource.

Many other explorer projects will add only to the 'Known Uranium resource' and will only ever become economically recoverable if the Uranium price trends upward. Some of these projects have been recently mentioned in the Pen forum.

I take great comfort in the knowledge that even if the Uranium price softens somewhat further, of which there is some chance, that the Pen resource will remain in the economic recoverable category. If the Uranium price trends upwards then greater profits will be had.

It should also be obvious what value a resource has when it remains in only the 'known uranium resource' category.

Regards and best wishes to all Pen investors for the coming new year.

JJ