Peninsula Energy back on track?, page-86

The new management is delivering where Heili failed:

• Kendrick now fully licensed, which adds a lot of value to the company.
• They can deliver the contracted uranium in June.
• They reconfirmed commissioning of Central Processing Plant and fifirst production of yellowcake within the next few weeks (June).
• They expect the flow rate issues to be solved before that.
• Zero debt.

They had US$ 24 mln in cash so they'll have to raise Capital, but once they actually produce yellowcake that shouldn't be too difficult, and definitely not a game changer.. Uranium shares are hot and Peninsula is a bargain at this stage i.m.o. Say, PEN would still be a private company and would go public at this stage, with the reserves they have, Kendrick fully licensed and being an independent end to end producer of yellowcake, Market Cap would be 1bln easily..