"Is a low-cost mineral exploration company with uranium projects located in Wyoming USA, Karoo South Africa and Western Australia. The stock looks well positioned to be part of the next wave of USA ISR projects, with economic prospects bolstered by expanding/upgraded resource base. It?s currently completing its DFS, and has production potential of 1.5 million pounds U308 from Wyoming in 2012 and is targeting 2016/17 from Karoo. Currently trading at around $0.08, Grigor?s short and long-term price targets are $0.10-15c and $0.15-20c respectively."
PEN Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
