I think it would be fair to say that if we took an average Jorc of 63 million lbs U3O8 potentially acheived at Lance in the coming months, then it would be very interesting to see what valuation would be put on it, considering the Wyoming Government being very open to Uranium mining.
If RIO can acheive $US 515,000,000 on their 80 million lb Kintyre project in a state where no one knows whats going on as far as Uranium mining, then it really does emphasis the profit that potentially lays ahead for PEN in the Lance project.
Not to mention any more future finds at Lance, they did say the potential to not just be a mineral project, but a mineral province.
Cheers NK
PEN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
