I agree egap, it is a simple analogy of what can occur in a...

I agree egap, it is a simple analogy of what can occur in a short space of time on the back of positive news.

Also if you look at all of the links on PDN, one of them indicates a U resource well below what PEN has at Lance. The U price was extremely low then compared to now.

Also Langer is not a low cost base ISR resource such as Lance. It is high cost hard rock mining, crushing and processing and it require infrastruture to be consructed. PEN has the infrastructure already in place at Lance and Karoo.

There are many positives in this analogy to be brought to light ;)

Also tell me this company (that is light years away from where PEN is at present) is worth 18c per share? Only recently found iron ore and is a long way from defining a jorc resource let alone production. Not bad for a company with 1.2B shares on issue.

(ASX code FMS)
Capital Structure
Issued and paid up ordinary shares at 3 July 2008
Number issued - 1,109,875,841
Options (ASX code FMSOA)- Total number 364,277,552
Flinders Mines current share price - 18c 7/6/2008



PEN will have its day in the sun!