Ann: Quarterly Activities Report, page-7

Yes, remuneration in listed companies is insanely high. I'm tempted to create a listed company myself. Small caps on ASX burn about A$4 to A$8 mill a year just on staffs, which can be a significant portion relative to their market cap. That's why it is recommended not to hold a significant portion of your wealth in small caps. But, assuming an average U selling price of US$ 55 per lbs, PEN's Lance project is expected to generate a net revenue of more than US $1 billion over the life of the project. Assuming the mine will be operational for 30 years, the expected staff costs will be about US$ 120 million. So that's a US$ 880 million difference for us shareholders to net in. Given PEN's current market cap of US$ 40 million, PEN is therefore a 22 bagger. Will Lance be PEN's only project? I don't think so. Skills and expertise can be carried over to other projects that may be acquired by PEN in the future. As far as I know, PEN is the only US company with the expertise to implement the low pH (the cheapest) extraction method. If DOE is serious in reviving the U mining industry in the US, then PEN is primed to be the leader.