On Page 22 of the Indaba presentation it says 20% to spot sales, however the most interesting thing to me is the 50% to strategic partner. I have alluded to this before and I think it is important. Go for it Dhuy!!!!!
Lance Projects –
Strategic Partner & Uranium Sales
• First sale contract USA utility: Feb 2011
WAP $75.60 per lb, 7 year contract – first delivery 2013 & 5.5%
planned production
• Boswell Capital: May 2011
Specialist uranium advisory group, ongoing role evaluating juniors for
utilities and completed DD on PEN
• Negotiations advancing with utilities and trading houses
50% to Strategic partner with investment in PEN
30% with 3-4 utilities
20% to spot sales
possibilities before month end, page-8
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