Ann: Peninsula Strengthens Board and Management Team, page-7

Any idea how much money they spent on Karoo?

I wouldn't think it would have been much as:
(1) they didn't have much money during the bear market
(2) they were concentrating on getting Lance into production for the much needed income/revenue

Anyway, Karoo will just sit there for now until the time is right (10 years+) to sell or develop it.

PEN have more than enough uranium reserves on their plate right now with Lance, Kendrick, Barber, Dagger projects.. that will keep them busy enough for the next 10 years.