us india deal good for pen, page-24

Hey Dhuy, Quite a few shares changing hands of late, most probably short term traders.

I am looking forward to the overall market gaining confidence again, its certainly a frustrating time to invest atm.
Though once investors do start re-entering the market again, they will hopefully realise if they have not already, that the uranium re-surgence is about to begin. Its at that time that companies holding large resources in safe uranium mining locations that have been oversold and even better, ones with the ability to get to production sooner than others, that will look very inviting.

I believe as soon as we get a jorc confirmation from Lance, PENs name will quickly spread, thanks to the numerous investor presentations, already putting their name out there. Being in such a great location to mine uranium I believe its just the jorc holding them back now.(and obviously the overall market jitters)

Speaking of jorc, I keep going back to RIOs recent sale of the Kintyre project, AUS $515 million. They have certainly set a precedent.
As far as a resource size comparison to Lance, they could very well end up similiar, but as far as uranium mining goes, Wyoming has it all over Western Aus and probably most other states/counties/provinces, which leads me to think that once a jorc is acheived at Lance, it should be smooth sailing from then on.


Cheers NK