"BUBWELL , Hear what your saying ...but most junior explorers have little cash...PEN have around 5-6 million from memory which is suffice to commence drilling historical targets to achieve a JORC indicated resource..(im referring to the Wyomong project only)..they wont need funding until they get to BFS bank feasibility"
"The only problem i forsee with PEN is that at some stage in the next 12 months they will need more exploration money ....currently they are cash buring 1 million a quarter which gives them around 12 months of liquid cash.....however the next quarter will suck up more money as they start to let drilling contracts out for Lance....remember Sept 08 they will Hopefully commence drilling."
Contradictory????
us india deal good for pen, page-19
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