revised exploration target sizes at lance proj, page-29

With any luck it will be 20+ cents by the time they need more money and I for one would be happy to see a placement happen then, and possibly a SSPP for the existing shareholders.

What we have to realise here, is that they have already started the promotional campaign to getting PEN recognised both here and abroad. Indaba presentation...New York Hard Assets Investment Conference...Cover story Australian Investor.

The PEN management are definately going about the promotion of PEN and the structure of PEN the right way and imo, in time, the rest will just fall into place.


Cheers NK