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PEN 30.0¢

What makes PEN number 1.

  1. preempt

    4,078 Posts.
    The beauty of PEN is that we will shortly have a fully funded, debt free uranium mine and processing plant that can take advantage of any upturn in a very short period of time. Remember, no debt, unlike so many other uranium hopefuls. If/when the uranium price really starts to gain some traction, how long do you expect it to take for PEN to ramp up production to full capacity? The current guidance is based on a very conservative outlook. If PEN can claim to be profitable producing 500-700,000 lbs at the current contract price of $54/lb imagine what a sudden move on uranium will do. I believe PEN's debt free position on the production curve will make it a stand out amoungst it's peers.

    Now for the clincher, Karoo will shortly give PEN some solid resource numbers that will have institutions making comparisons between PEN and other Coy's like PDN. IMO!

    So we will have a perfect cash generating machine that is huge in its own right, financing an elephant.

    How long do you think you have to keep buying at this level ;)

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