In light of supply concerns it's good to see PEN has secured those pounds.
Based on comments and forward U308 prices that's around $33-$34 per pound for the purchase, assuming $50 contract price that's around $7.2m net to PEN for the 450,000 pounds to be delivered.
Nice work Wayne and the PEN team.
Ann: Uranium Purchases Secure US$6-8M Cash Generation in CY2021, page-2
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