Great effort by PEN management to increase our shareholders' wealth, and have great comfort based on the fact that what they say they will do they have already done and I hope, there are many more exciting news to come that will de-risk PEN and boost its share price the next few weeks??, months?? and beyond??.
Wyoming Milestones as provided to us:
Mission Accomplished (Wyoming):
DDW feasibiltity study completed & License application lodged.
NRC Source Material Licence. Technical & Environmental reports completed. Licence application lodged.
WDEQ Permit to Mine. Technical & Environmental reports completed. Licence application lodged.
2nd Revised JORC compliant resource.
Wyoming Up & Coming Milestones as provided to us:
February 2011. Uranium Sales contract completed date. To date, Company has responded to RFP�s from three US power utilities and is currently negotiating terms
April 2011. DFS expected to be completed.
April 2011. Decision to mine.
April 2011. Strategic Partner.
June 2011. Project Funding.
June 2011. 3rd revised JORC compliant resource
Aug 2011. Project Construction.
Sept 2011: 4th revised JORC compliant resource
Mar 2012: Yellowcake production target
If the trend of U price sustain, what would it be in early 2012??? Bonanza.
Karoo Milestones as provided to us:
Jan 2011 Commence resource development drilling program
Mar 2011. Karoo Drilling Results
May 2011. Initial Karoo resource estimate.
In 2014 DFS expected to be completed
In 2016 Production
Source: PEN's Indaba mining conference presentation. Apologies if there are any mistakes. Please do your own research.
Quantum46
Please do your own research.
more exciting dates to come - derisking
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