laughable, page-56

just a reminder of what uranium mining is all about, have a read please.

It doesn't take a Sherlock Holmes to realize the demand from emerging economies that are rapidly developing nuclear reactors. There is a supply fear, as Russia will not renew its agreement to supply the U.S. with converted uranium from nuclear weapons. For years the U.S. relied on this cheap uranium, as Russia was the major supplier. Now all eyes are on these domestic uranium miners as this agreement terminates.

It is important to follow the countries that have a trade surplus like Russia and China and to highlight the locations of their strategic investments. They are willing to pay premium prices to acquire new uranium assets. One should follow those mines that have not yet been acquired and have the best production profile. Even though China is bailing out Europe and the U.S. deficits by purchasing debt, behind closed doors and below the radar of the mainstream media, China and Russia have been purchasing major amounts of uranium as prices have recently soared. I don't believe this demand that has pushed the price higher of uranium oxide is coming from major utilities alone, but from the many new reactors being constructed now in India, China, France, Russia and many other emerging economies. This price increase has a direct effect on the value of these uranium producers and investors may be in for an exciting 2011 in this sector which protects investors against a dollar devaluation and provides upside on the growing energy demand of emerging economies.

Uranium miners that have received their draft licenses in Wyoming have been rising in the past three months as major investors realize the value in these key projects. These stocks have been gaining a lot of enthusiastic interest from investors over the past few weeks. Some of the miners out of Wyoming have made huge percentage gains such as Uranerz (URZ), Ur-Energy (URG), Cameco (CCJ) and Uranium One as these mines move closer to producing uranium ore. Expect to hear more news of acquisitions and strategic investments as these uranium miners move closer to production.

so PEN is well set for great growth no need to worry m8