Excellent point Z - off take sales will be a considerable factor. Assuming Gus sorts this will not only derisk, but would reinforce the uranium recovery as the spot price begins to improve IMO.
We have two things going on: PEN re-rating to Wyoming peers in existing uranium market and hopefully an improving sector as the Japanese reactors are switched back on.
While there are still a few more milestones, this is a wonderful time to be a LT holder and hope hangseng drifts back to HC in the next few months. His posts on the other forum convinced me to hop on board in 2009 and I joined HC after realising this was a much more vibrant community - how time has flown.
PEN Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
