PEN 4.55% 11.5¢ peninsula energy limited

Many thanks Motty, greatly appreciate the time and effort that...

  1. 54 Posts.
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    Many thanks Motty, greatly appreciate the time and effort that made up that post.

    "He is very confident on proving up 15 million pounds from these two targets. We all know the name of them. He stated that a million pounds of U308 is like having a resource of 1 million oz gold and that people perhaps did not realize the significant value of a million pounds of U308."

    Can someone explain to me the possible reasoning behind this statement given the relative pricing of the two commodities.

    TIA
    Armour
 
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