they just need to stick to the timelines now. If they can this...

they just need to stick to the timelines now. If they can this is clearly inexpensive, especially in US dollars which matters. Peers such as BOE are capped at $1bn. PEN doesnt have to match BOE but even 50% of BOE would make people happy.

Uranium is a tough market but every indicator points toward a bull market coming. I feel as many do that PEN is in play and any forward looking acquirer would know U prices are going higher eventually. AUD going lower also helps $US based earnings.
All that money that gets spent on plant and equipment doesnt disappear, any acquirer would inherit it all anyway.

If this all turns out well I think people can look back on the hiring of Guerin as the turning point.