PEN is my 2nd pick after VMY. They are currently buying off the spot market to meet contracts as it's cheaper (opex costs 30 / lb). They have a ph permit application in place that's expected to be approved early 2019 which will highly likely reduce opex costs to under 20 / lb. Huge upside potential. Already locked in Sales contracts with ave price above $50 / lb through to 2030. With room for more deals too.
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