PEN 3.64% 5.7¢ peninsula energy limited

Ann: Additional tests confirm effectiveness of low pH chemistry, page-2

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  1. 4,048 Posts.
    lightbulb Created with Sketch. 550
    I wonder if our resident doomsayer will predictably pipe up and say "Yea but they did tests on alkaline process and look how that turned out" [yea sure but not under Wayne and and different tests - you can't use that as a blanket reason why no new lab tests can ever be trusted again]
    or
    "Anything that's not a field trial is pointless" [there's no such thing as too much testing - and we'll see the field trial results soon enough - I'm betting (literally) that they'll be very, very good]

    The most interesting part of this is the lower acid use - the conservative FS assumptions of more acid bought at the higher end of the price range, I think, will come into play as a big cost reduction when this baby goes to production
 
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