Ann: Quarterly Activities Report, page-12

I suppose - but it's still under 4c pre-consolidation. But for those getting in now, 5 bags is nothing to sneeze at. But a re-rate to that level without PEN extricating themselves from the technical handcuffs should concern people - I don't think people understand the magnitude of this risk. If PEN fail again, they are toast - they're pretty well cooked already. However, if PEN solves the technical challenge, and then the SP re-rates, then blue skies ahead. Throw in a uranium renaissance and were talking a very good opportunity. I know I harp on about this, but chemistry is the key for PEN. All the other stuff is a distraction; but it will create volatility and opportunity.