Cautious optimism for uranium outlook, page-6

Big sigh.

Tim Boreham writes.......

"Peninsula, which is seeking to expand its Lance project in Wyoming. The mine currently produces about 400 pounds a day (146,000 pounds a year), but is licensed for three million pounds a year."

Wrong on two accounts Timmy.

1) Where has it been recently announced that PEN will expand its Lance Project in Wyoming? Surely you're not referring to the pipe dreams of Barber and Kendrick? The still need to get Ross working
2) PEN has done exactly the opposite of your prediction and cut their production forecast (before your article btw).

Well done Tim. . Another nail in the coffin of uranium analyst experts.

As I've said previously, PEN will not be part of any uranium renaissance unless and until it proves its new low pH processing flow sheet. If the long-awaited uranium recovery happens within the next 18 months, PEN could/will be left behind. For PEN to benefit, I reckon the recovery needs to be delayed by 3 or so years, enough to bed down the silver bullet processing technology. This delay will benefit other players like Vimy, Deep Yellow, Toro, Boss, Aura, etc.

PEN is on a very slippery slope in my opinion.