pidg, this is my understanding also; I am not getting too caught up in JORC not being available yet with PEN - the whole approache to Lance is a lot more considerate and with a long term plan in mind... this is not build-a-resource and run story as with so many prospective U plays. One day soon the market will re-value PEN, but that won't be the exit point, it will be the beginning. Love the projects, the potential and the management. EE.
pen targeting u3o8 production 2012, page-25
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