PEN 5.00% 10.5¢ peninsula energy limited

Ann: Half Year Financial Results, page-3

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    "Production from the Lance Projects in Wyoming USA for the half year ended 31 December 2016 was 84,000 pounds U3O8. Deliveries in the half year period were a combination of U3O8 produced from the Lance Projects and from market purchases" and
    "With significant cash proceeds to be received from the sale of 250,000 pounds U3O8 during the first 6 months of the 2017 calendar year, Peninsula is on track to generate positive cashflow for the 6 months ended 30 June 2017. "

    First buying at spot price then selling at "US$48.68 per pound U3O8" in 2016 and expecting 2017 "average price.... approximately US$53 per pound U3O8"
    Looking very good.
 
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