One thing I wasn't aware of from the presentation was that PEN currently has a loan application being considered by the Department of Energy (DOE). My guess is the State of Wyoming is also a possibility for a loan.
PEN is already fully funded to production, but is looking at some debt to get to a cash flow positive position.
My guess is with up to $40M worth of options money coming in, it shouldn't be a big amount of debt. Also the US government loan would very likely be at low interest rates (as compared to say a standard bank loan)
Whether PEN gets the loan or not, it's good to see DOE being very supportive, and looking after US producers (as well as the whole nuclear fuel industry)
One thing I wasn't aware of from the presentation was that PEN...
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