There is potential for massive uranium resource in its NIger project - feild results pending,,, which is next to Areva's planned 5000tpa which will put NIger as worlds 2nd biggest uranium producer in 2010.
PDN didn't increase its holding and place a standstill agreement, as per last announcemnt,on data that came in on anything less than very good.It just has to be processed and released to market.
As per the website, Niger has been mining uranium for 30 years and is Europes biggest source,,,,so no issues here.
With a small market cap,,PDN as financial backer increasing its stake to 16.7% stake with standstill conditions [after data came in mind you .... things look verrrry promising.
NGM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
