permit to mine and dfs, page-5

Have to disagree illiquid and acreage....

As dolphin states, it's all about derisking.

This permit is the last piece of the puzzle (other than the NRC Source Materials Licence)

The derisk with the PTM is massive. By the way, you can't take a decision to mine without this permit - or the DFS.

The DFS is simply a numbers game. No brainer imo.

The big boys want/need projects like these to be as derisked as possible before jumping in - avoids them getting egg on their face.

Moreover, sends a clear message that PEN will be a producer (with little chance of it not happening) - producers have a premium per lb U308 applied to them.

Me thinks the DFS will come sooner than most think - they've been drilling continuously since the last resource upgrade....once again, getting the lbs in the various JORC categories is a numbers game too.