Peninsula Energy Quarterly Activities Report looks very good to me..
- No delays regarding production of dry yellowcake in June
- Only $1,5M used of the $4,6M provisioned to meet contractual obligations..
- Kendrick Area almost fully licensed (That adds real value to the company!!)
- No real technical setbacks.. Some flow rate issues, but they can be solved.
- Plenty of loaded resin for now. Overall that should have been more in terms of captured pounds of uranium, but they can't process them until June anyhow.. Once flow rate issues are solved that will go up..
- CAPEX almost completed.
- Still $24M in cash for future OPEX
- Delivery contracts are being revised at a moment that uranium spot is still low..They can even cover future obligations with future contracts
- etc
Looks very promising to me
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