With all the current discussion focused on the transitional...

With all the current discussion focused on the transitional changes associated with the move to London. Let us not loose track of, or forget the real reasons why we have invested in this space. New buyers may be beginning to wonder why we LT's think Pensana is such a good Investment ?

The simple answer is: This Company's "Core assets" are without question, "Spectacular":

At Pensana's core are its Physical assets, which comprise of: the Longonjo Project and the newer prospects at Coola, Monte Verdi, Sullima etc, giving Pensana the biggest 'Resource base' of Nd/Pr in the free World. More about these later.

Add to that the Corporate assets founded in an exceptional Management team, who have managed to progress those Projects from Grass Roots exploration thru proving the Resource up and are now pursuing the down stream "value adding" Development. All that in the space of three years. A clear demonstration of their capability and commitment. This is especially apparent when you compare it to the progress of their Peers, most of whom have been at it for over ten years and are still stuck in Regulatory limbo !

Even as I compose this, we are witnessing yet another brilliant demonstration of Corporate strategy, the de-lousing of the Registry and the move to a Jurisdiction where the Authorities are welcoming and supportive of this Companies aims. But I will leave that to the current threads regarding the LSE move.

Let's get back to the Core Asset ~ Longonjo and the other satellite deposits.
Pensana will now have well over One Million tons of Nd / Pr in the ground, BFS to confirm.
Longonjo on its own has sufficient ore to keep a mine going for at least 30 years and probably a lot longer. The strip ratio is so low that it is almost pointless performing delineation drilling, as dilution / depletion would almost cancel each other out ! Grade control will still be necessary to maintain a constant feed grade, but this can probably be done with a hand held Analyzer.
Logistics, You would be hard pressed to find any major mine with better Transport, Power, Water and the availability of a semi-skilled workforce.
Jurisdiction, Again the Angolan Government, is fully behind the Project and has demonstrated its support by a direct investment in the companies Registry.

Going forward, Management's decision to build its own Refinery, thus enabling the Company to become truly independent of the current Chinese RE Monopoly; which will add considerable Value to the end product; and allow Pensana to benefit fully from the rapidly rising RE prices, rather than being locked in to accepting the stagnant prices currently on offer from Shanghai !

I could go on listing these attributes almost endlessly; but it is suffice to say that Pensana's 'Fundamentals' are what separates it from it's Peers and are what will make this Company THE Primary Producer of Nd Pr for many years to come. We are so far below 'Fair Value" it's a joke !