Ann: Half Year Acounts, page-4

Well that is not necessarily the case, although the signs are very hopeful this will be approved PEN is now currently one of the USA's largest producers of Uranium.  At the current spot price it is more of an issue but it is universally accepted the spot price will increase to north of $60-$80 sooner rather than later.  This will have a significant positive impact on PEN as well as all Uranium producers. IMO with the share price at the current level there is no downside either way just patience required, low pH will just accelerate the share quicker.