correlation with paladin energy, page-8

Its very important, PEN starts drilling in Karoo, Not only will pen increase its resource status, it will turn into a global company with two project sites just like pdn in the lead up to the bull run, investors love the fact of 2 project sites, Gus has mentioned the benefit of this, PDN acquired its second project, we will have to drill our projects up, however there is potential for 2 world class sites, so in a year or two we should have a significant resource from both the sites that will match PDN road to glory, as a previous poster said even if we achieve half of PDN assets, we will be significantly higher than 5.7 cents!

Current broker evaluations are based on a resource of just 25 million pounds, RCR say 11 cents, imagine a long term u price of 90 to 100 bucks with a resource of 50-70 million pounds in the next year to two years, very realistic, its happening now! They are modest targets

look at the news flow prior to each milestone for the company and see the linking of positive outcome, PFS to DFS, Permitting to Approval, Drilling and potential to Jorc, Supply and Demand to higher U price, ITS ALL THERE, As gus said investors are waking up to the Reality of PEN becoming a PRODUCER!

There may be a push on previous U price highs in the next two to 3 years, don't be so surprised, have a look at the global supply and demand factors, add a bit of hype to it and you may see another high!