insights from today's meeting, page-2

Here ya go Reichman.

I attended the meeting today and come out feeling even better about my investment than I thought possible.
As HS often says "so much to look forward too."

Someone asked about NRC permit timelines, Gus of course could not commit himself to any specific timeframe but emphasised the approach taken by PEN. Tony Simpson was well recieved at NRC head quarters recently when there to offer company support for the review process, outsourcing some of the reviews with the tab to be picked up by PEN. They liked the idea and it would be money very well spent if it comes about. Just how proactive is PEN?

I asked about Karoo. Some historical holes have been cleaned out and logged, others have been "twinned" to confirm the grades. There is at least one RC rig drilling and I know they can knock out some footage at a very fast rate. We can expect some results soon. Gus spoke about the known grades and how the resource is near surface. I personally think Karoo will be Lance's big brother.

Early construction permit cannot be applied for until NRC accept the request for a source material license. The early construction permit will be applied for then.

I asked if any acquisition's were in the pipeline, Gus replied "I can't comment on that."

RFP was mentioned and I got the impression that we will hear some news on that soon as well. Long term and around the $80 mark for part production.

I also asked Alf Gillman, after the meeting, about the local green groups in Wyoming. PEN has been very pro-active with them as well. The last question from the most vocal one was "how many jobs will there be."