PEN 3.64% 5.7¢ peninsula energy limited

Ann: Quarterly Activities Report, page-67

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  1. 2,983 Posts.
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    Silly, your post is.

    You're out of your depth mate. 1.5% sulphuric acid is not mild. Vinegar has a pH of circa 2.5. 1 5% SA has a pH of about 0.8, approximately 1,000 times 'more aggressive' than vinegar. Put a drop of 1.5% SA on your tongue and see what happens. In fact, rather don't do that.

    Agreed that PEN require approval to do a field leach trial. But no mention of that requirement from PEN. Approval of trial then doing trial is at least 9 months. That's just the trial. They still have to get approval for a commercial facility. Some while ago I put out a time schedule estimate of the project. Can't remember the detail but 2021 is where I'm seeing now. What do you reckon?

    I don't want anyone to buy into what I'm saying. I want sensible investors to consider all info and make their own decisions. More importantly I want ignorant bulls to stop peddling nonsense.

    Seriously, you are investing in companies that rely on pretty clever and complex technology to turn a buck. It stuns me that people invest in these ventures without a rudimentary understanding of the science. It also stuns me that some people shun the knowledge of people who are infinitely more educated on the subject than they.

    As for not picking the switch to acid chemistry as an alternative. A bit like saying "Do I put my chip on red or black." I understood this was an option long before Lance even switched on the the plant. Give me some credit mate.

    I wish you good luck as well.
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
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