Gesh, if that does in fact happen then forget about the 'what ifs' on where the spot is headed. $75 will be only the beginning. $100 plus as an average considering the incentive it takes to get the pounds out of the ground in the first place at a decent profit. Some very major spikes are about to occur.
Once again and if true, this being directed at the US in particular will be a boon for PEN. As with other resources of late, the US Government will look to protect those companies producing in the old USA with subsidies and loans to guarantee supply. As they do under the IRA (inflation reduction act).
Not to mention all those potential US onlookers/investors seeing the PENMF ticker and its potentional as the largest US Insitu producer END to END - producing by next year. It's in for some of its own major spikes ahead no doubt...
GLTAUHs
Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-205
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9.8¢ |
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Mkt cap ! $312.3M | |||
| Open | High | Low | Value | Volume |
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