PEN 25.3% 6.2¢ peninsula energy limited

uranium soar to $100, $200, even $1,000 ?, page-9

  1. 1,276 Posts.
    Gee bin bin you seem to know more about uranuinm then anybody else on the planet!

    your point:

    There is an abundance of uranium on Earth. The problem is not it's scarcity but the fact that most of the uranium occurances around the world are low grade and are uneconomical to mine at current prices. If uranium prices started moving even towards $80/lb, many mines would recommence again or be economical again. It may take some of them a few years to commence production!

    Maybe thats what the writer is trying to say, sure theres plenty uranuinm around, but if there aint many people mining uranuinm then maybe thats the point, that theres potenial for prices to rise, as you know it takes along time to get all necassary permits etc.

    But I guess you dont need to worry binbin, as you havent held any PEN shares for over 12 months according to your sentiment, so I guess you wouldnt care that much, would you!!
 
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