We have discussed before the delay in the JORC to some level...

We have discussed before the delay in the JORC to some level here. Personally I think that the delay is more strategic than problematic in these times, and I think that delaying until the regulatory framework is vitally clear from NRC is the right way to go, and will add maximum value as it underpins confirmed development.

While the following article does not relate to PEN, it does relate to another Wyoming miner and indicates the importance of having the regulatory framework in place in terms of investor confidence etc and indicates why the Wy Gov is so active in his advocacy efforts with the NRC not to delay on the issuing of the Generic EIS for In Situ Mining... having said this - the NRC is aggressively and confidently "socialising" the Guidelines now and as such we have every indication that this will not only go ahead but that their existence will standardise regulations for intending miners and therefore make the process just that tad easier...

http://www.stockhouse.com/Community-News/2008/September/10/Uranium-miner-updates-timeline-on-Wyoming-project

There is little doubt in my mind that these new frameworks will be in place in the not too distant future and that PEN is positioning itself to take maximum advantage of this. Still maintain that we'll see the JORC released pretty much concurrent with the permitting application - the baseline studies of which we know are well underway and on track thus far!

Good days all.... DL