jorc, page-53

Hi Ralom

well personally I can not fault the management at this stage.

Some time ago I posted on a General Meeting I attended in Perth. ( the response to this post was quite overwelming and I had to replace the front door with a double sliding one.LOL)

If you re visit that post, you will see that management have progressed the company as they pubically advised they would, ahead of schedule.

I believe the company is on the cusp of providing;

substancial news re JORC,

an update on permitting,

news re possiable early toll milling,

maybe an update on Karoo and

some news re a supply agreement.

I see no reason to change management at this point in time.

Perhaps you could send an email to Gus and ask him what marketing they are doing to progess the profile and attributes of the company?

They appear to have attended all forums and presentations that they could to increase the profile of the company.

I guess that as things sit right now, everyone may well be awaiting the contents of the initial JORC.

If this is as good as some believe it will be, regardless of what the SP does, I will be holding until production. At that time more will be known about the size of Wyoming and Karoo.

I was not involved in EXT but there is a chance that Karoo is quite large.

With other U308 exploration companies falling by the way side, and non ISR projects being shelved because of cost related issues, is PENS timing perfect?

Regards Motty

PS. I look forward to my new issue of shares and options.