An exert below, from their announcement on 5th Sept.
The Peninsula AdvantageFlagship Lance Project located in a tier-one mining and uranium jurisdiction
Lance is a long-life operation, with excellent resource and life-of-mine growth upside at Barber
Production restart set for late 2024, positive cash flow generated within first year of operations
Once in operation, PEN will be an independent, low-cost uranium producer of dry yellowcake
Talented/Experienced team in place who are capable of efficiently executing the revised plan
Focus on long-term Sustainability
Well-positioned to supply into a growing uranium market, and to play a role in meeting aggressive decarbonization targets
The only ASX-listed uranium company providing US production and direct market exposure
I bought a small parcel this morning on PEN on very strong volume. Higher highs off the low's. The other reason I got in was because all the other yellow cake stocks are outperforming. This company might have a checkered past in some respects, but they're in the USA which seems 'safe' to me. We know yellow-cake demand is on the rise. This company seems well established, production restart for late next year, I think the share price might run a bit from here. Good luck everyone who holds, my commiserations if your buy entry was higher, SP will get back up there imho. Cheers, Chris
Ann: Lance Production to Restart in 2024 under Revised LOM Plan, page-151
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