Of which I will now update. The initial information I posted was...

Of which I will now update.

The initial information I posted was directly from PDN and based on the main Langer project now well underway. However in keeping with the need to be accurate, PDN is upgrading the Langer resource quite significantly.

The current "Inferred Resources" is 91.591 M/lbs U308. The previous calculation was based on the intial resource.
Langer is now undergoing USD$50M Stage II Expansion to 3M/lbs p/ann.

A Stage III Expansion is also planned which will take Langer to 6M/lbs p/ann. Langer will become a very large mine and is well advanced. We have a way to go to catch up.

http://www.paladinenergy.com.au/default.aspx?MenuID=16

As comparison though, have a look at the PDN projects and then look at the PEN presentation today. The potential for PEN to compare very favorably to PDN is very real, subject to proving up as indicated.

PEN 2009 total resource potential approx 226M/lbs U308
PDN 2005 BFS prior to commencement of Langer approx 39M/lbs U308
PDN 2006 resource increased to approx 105M/lbs
PDN 2009 actual and potential approx 300M/lbs U308
http://findarticles.com/p/articles/mi_pwwi/is_200611/ai_n16871021/

This is really what I am trying to say...
Comparing PEN to PDN as it was at the same early stage PEN currently is, PEN clearly has outstanding potential. PEN is just starting out.

Before I get hounded...I am not using comparisons to put down any stock. PDN in particular needs no explanation as to why it is a much higher sp, put simply a well advanced great company, with excellent management doing what they said they would. Sound familiar?