Great interview, thanks guys. This really drives home that by 2013, the world will be under supplied with Uranium. Even the US has an annual demand for 55m pounds u308 and domestically produces 4m for 104 reactors, and as the CEO of Uranium Energy Corp states, with China and India bringing more reactors on line, the gap between demand and supply shortfall is only set to increase. It would appear that Pen's development of their mine (along with others) is absolutely essential to the continuing supply of energy in the US.
The long term prospects of PEN are looking good as they are in the right market, and the timing for production is spot on. Looking forward to the market realising this and we should begin seeing purchasing of forward supply contracts grow substantially particularly in the latter half of this year, although smarter governments (and I believe someone mentioned China is doing this now) should begin stockpiling at the current low spot price.
Thanks again guys, very informative.
PEN Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
