Ann: Company Presentation, page-43

I did feel that way and sold, Back in again now. Reading your thoughts is appreciated thank you. Gave me some flash backs

Why I changed

"Start of production activities in Q1 CY2023" is news which brought me back in "https://www.pel.net.au/wp-content/uploads/2023/01/PEN-Corporate-Presentation.pdf"

Date on that claim is very recent

"First uranium production in CY2023 to be delivered into existing offtake contracts in Q4 CY2023 " from the same presentaion

"CY2023 sales of 0.7 Mlbs U3O8 including US-DOE sales"

700,000 X $60 plus is a starting point of $42,000,000
Last line is possibly off a lot of course!

Inventory alone is "510,000 pounds of uranium concentrate" worth $?? The document states also "Balance of 210,000 pounds uncommitted" That is a potential kicker plus to cash piles which should start as production starts shortly and ramps up.

Appreciate what comes out of the ground is the key future or deal breaker! Might be worth holding a little longer??


Have a great day