More very simplistic analysis.
To say that the S232 will have no effect on PEN when it will potentially mandate utilities purchase a percentage of their uranium from US suppliers in a world where US suppliers can't currently provide the bandied about percentages is utterly laughable.
Any current US producer, of which PEN is one of few, will benefit. Even if they weren't going to low pH they'd benefit. Not to mention the fact that utilities are currently loathe to sign any LT contracts until 232 is resolved.
I can't believe you'd seriously try to argue that 232 will have no effect on PEN. Totally ridiculous.
Oh and I see you're already moving the goalposts on the FLT to buy yourself more time to create FUD. I guess you've started to believe the FLT will be successful and are preparing for that eventuality.
Targey price Revision HC Wainright & Co, page-48
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