IS IT TOO LATE?, page-60

Bitter/sweet story Dodge. Am so pleased you are solidly on the ride for this cycle.

Like many here, PDN was a life changer 10-15 years ago. I for one never believed it could be replayed again.

I honestly cannot see a price beyond $2 - $3 this time around as the whole industry has changed, permanently and there are many juniors with nothing but a license putting their hands up for cash at 5x what they were priced at a year ago.

The big boys Kazatomprom and Cameco have the growing future market supply well covered with massive resource lines in C&M. Sprott have reignited the current explosion of interest but the lead times for juniors may see the party over before they produce and a lot of red ink beween now and then.

PDN is very well placed both resource wise and capital wise to capture the first and second wave of interest AND actually make money. At the current market cap of over $2bn, multiples will be hard to come by.

Let's all just enjoy this ride but not get carried away with excessive expectations.

GLTASH