Whoa - fellow PEN holders - without wanting to put a dampener on...

Whoa - fellow PEN holders - without wanting to put a dampener on things the facts are:-

Market cap - $70m
Cash in Bank - $7.9m
Stated spending for quarter to 31 March'10 is $3.3m - we are already half way into this quarter
Possible further cash raising required after next quarter ?
First stage of pre feasibility just completed
Full feasibility not expected to be completed until 2011 - it is now early 2010
SP already up 25% in last 5 weeks
Approx 1.4 billion shares
Market position now - heavily weighted with 35m PEN sellers and 10m PEN buyers

Upside probably, but a very long way to go....slowly, slowly..