Very Exciting Time to be a US Uranium Producer”, page-31

The sp has been in the 30's for months so everyone's had a huge opporunity to top up at massively depressed prices. I know I certainly did.

When the long term U price increases the sp will very quickly be back to 70c+ again. It wasnt that long ago that PEN was $1 and seen as cheaop and a top pick by some brokers. The only thing that changed was sentiment. Potential multi bagger when U sentiment changes which could be soon or years away. Who knows. Happy to take a risk and take a big stake at this low point in the commodity cycle.