TRADERS - You also might want to pencil some of this into your diaries regarding PEN:-
5,000+ historical drill results is eligible for the inclusion in the JORC and the potential for massive upgrades;
15mlbs, with up-side to 76mlbs;
"The drilling programme increased PEN's local profile at a time when most of its peers had ceased all activity";
"Due to the nature of permitting it is possible that PEN will receive the permission required to extract uranium before it receives permitting for processing the ore";
"The Company has control over the region as the dominant land holder facilitating the ongoing leasing programme";
"If the Company can prove up the stated exploration potential of 76mlb this would result in a valuation close to $1B or 57cps from Wyoming alone" - So it has the potential to be a 10 bagger in 12 months!!!;
"We estimate the project would generate $64M in after tax cashflow in its full year of production" - for Wyoming, which has been heavily discounted;
"The Company has significant upside potential from exploration in both the USA and its Karoo project" ... and this ... "we estimate the potential unrisked value of PEN's exploration portfolio to be in excess of 70 cents per share"
Cheers, Pie (:
PS: I was also just reading THIS on the news! That would be an increase of approximately ~170 nuclear reactors.
