agree, everything looks fine.... Wayne Heili still saying he's expecting end of 2024 production
so as I understand, PEN is fully funded to production, but slight overrun of $5M (on what was previously announced) is to reach positive cash flow
So looks like the debt that they are going to get (hopefully the loan from Department of Energy is approved), they might need an extra $5M more.
As far as I'm aware, not many uranium projects ever gets built on time and on budget, so $5M overrun when we'll probably be in production within 9 months is not a concern for me.
Ann: Construction Contractor Appointed, Budgetary Forecast Update, page-28
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