Australia Uranium companies aren’t in production, will require a massiv amount of capex to get into production and have to wait years for government and environmental green lights.
I wouldn’t touch Aussie plays with a ten foot pole.
Personally I’m al about companies that actually make money and the acumen of the PEN board is ensuring PEN are making money whilst other producers globally are shutting down because of low prices.
When the U price breaks 30 PEN will explode.
All my opinion
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Uranium, like buying oil at $20 a barrel, page-39
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