Ann: Presentation - DFS Completed for Lance, page-108

Well worth reading Warwick Grigor's (Far East Capital) update of today in which he covers PEN.

He explains some of the contracting they do/did, as he was a director of PEN at some time.

He says:

The Bottom Line
Peninsula is the most de-risked, pre-production uranium
company in the market having solved the technical issues
and cleared the regulatory hurdles. There should not be
any undesirable surprises from this point. It will need
US$60m over the next couple of years as it ramps up
production to the point of positive cash flow, but as at 30
June it has US$7.5m in the bank and about US$15m in
uranium inventories. The additional funding is only
incremental and not an obstacle.