pen, the new beginning

I now firmly believe that today 17 JUNE 2011 is the day PEN turned the corner and set course for a wonderful future.It seems the DFS is now in place and imminently upon us, for all to see.

Definitive Feasibility Study

Completion of the DFS was held over subject to the finalisation of the resource upgrade and a
well field design optimisation program. Peninsula now expects the study to be completed and
results published shortly.



As has many uranium stocks, PEN has been given a hiding over the last couple of months but, I feel she has hung in there as well if not better, than some of her big sisters.For what it's worth I think PEN is at least a LT BUY and I have done just that by topping up yesterday.

While we have just a little way to go before production begins, I can now see Gus's dream of PEN, becoming a major player on the world stage.

Lots of happy days ahead.

Good luck to all.