Uranium outlook from Euroz: Expecting $40 / lb prices by the end...

Uranium outlook from Euroz:

Expecting $40 / lb prices by the end of this year. Also a LT $60 / lb price forecast.




PEN looks ready to explode on the chart. Double bottom 22c. About to break LT resistance. This has multi bagger all over it imo. Lots of million $ trades executed over last week, some major positioning. PEN are about to release a PFS which theyre expecting to bring them into the lowest cost quartile, changing from current opex of 30 / lb to under 20 / lb approx.

The core Lance project is in the US too. President Donald Trump on Friday directed Energy Secretary Rick Perry to take "immediate steps" to bolster struggling coal-fired and nuclear power plants to keep them open, calling it a matter of national and economic security.

20m+ cash.
Market cap 63m
P/B 0.80
Sales contracts to 2030 ave sales price $51 / lb.
53m lbs u3o8.