Again tutes you dont read the Announcements...your the PEN pumper without posting the facts..
At 30 June 2021, the Company holds a portfolio of uranium concentrate sale agreements with major
utilities for up to 5.25 million pounds U3O8 at average pricing of US $51 to $53 per pound with 3.9 million
pounds of firmly committed sales and up to ""1.35 million pounds of sales optional"" at the election of the
customers.
(1) This disclosure includes both pounds of U3O8 committed under sale agreements and ""optional at the election
of customers""
Of the committed U3O8 sales, 0.9 million pounds can be ""satisfied with market sourced material"" (“open
origin”) in the next three years, with the balance to be supplied from Lance Project origin uranium.
And i will add the 0.9 million pounds depends on what the on market spot price is to know any profit...
So if PEN can't get its chemistry right after the sale of the 0.9 million pounds those contracts are useless.
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