low operating costs, page-5

Great post NKLEX!

You are highlighting one of the many de-risking factors I have taken into account with PEN.

As we are both very well aware, we (amongst others) have been contrarian thinkers in regards to PEN. The benefits of which are now coming to light.

The narrow minded thinking merely about the number of PEN shares on issue as a measure of PEN' future, without analysing as you and I have done so extensively, was erroneous.

PEN could make significant nett profit at the spot price, let alone the contract price. Now we are potentially sitting on a massive resource, even better than I initally thought. My 100M/lbs+ at Lance is looking better every day now, even better using analogies such as you have done.

We and all the PEN supporters will be the better for it, absolutely no doubt in my mind.

Nice little snippet in the West yesterday that my wife sent to me here. Only small, but watch it grow and with wider coverage...with a little help from 'friends' ;)