PEN 4.55% 11.5¢ peninsula energy limited

in u we trust

  1. 180 Posts.
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    Interesting article...

    http://money.cnn.com/2009/12/03/news/companies/uranium_pinon_ridge.fortune/index.htm


    SUMMARY

    Good

    U at $46lb makes it uneconomical for most mines to go
    into production

    US is the worlds largest U consumer (and wants to reduce their dependence on other nations U supplies?)

    Bad

    U workers cancer rate is estimated to be 5 times higher than average.

    It will take 14 months to review mill application (in the State of Colorado at least)

    ---

    The last couple of paragraphs are also of interest.
 
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