today, page-12

Thanks Reichman,

Its just a no brainer as far as I am concerned.

Imo Pen have created thier own luck.

Their accumulation of uranium infested land which just happens to come with historic resources was Imo a great find. Their latest drill results confirm the historical data is no pie-in-the-sky figure. An their estimated resource of 50-76 million lbs U3O8 is very much on the cards.

Its very much worth noting how much management have tied up in shares in the company, They have a lot, and thats one of the first things I look for as well. Always a good sign.

Will Pen eventually mine Lance? Imo Yes, they have the right jurisdiction, the right infrastructure and especially probably the most important factor is that the area they own has already been successfully mined for uranium in the past.

Can Pen sell its story? Imo I reckon they are doing that right now.

We have a supply crunch coming. An Imo we will look back at these conversations and think Holy Sh*t why didn't we buy more. Which is why I continue to average down my original buy in price.

Cheers NK