PMH are no mugs. They are quality management who have a great deal of experience at acquiring quality projects. The Sundance uranium assets at Wyoming testify that.
A JORC resource should not be too far away, given that so much previous work has been done on the project.
As for PMH, whilst it is disappointing that they let go of such quality uranium assets, their focus now is on proving up a feasibility study for their massive Ann Mason project, which IMO, is a great long term play to the price of copper.
It is good to see the Sundance project in the capable hands of PEN, where they will be able to realise the value of the asset quickly and for the benefit of shareholders.
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