Look I'm bullish on uranium and bullish on PEN but it's not true...

Look I'm bullish on uranium and bullish on PEN but it's not true to say there's no downside... that's very dangerous thinking... I mean there's 25% downside from here just based on the fluctuations this month but beyond that if PEN has to go back to alkaline processing then even with a U price north of $80 I think they'd be struggling. They are getting less and less out of the headers and depleting the resource. They might make some money for a couple of years but longer term I think they'd be toast.

Lets just all hope for the low pH going as planned (which I strongly believe it will).