PEN 3.64% 5.7¢ peninsula energy limited

Possibly the best uranium investment in the world?, page-11

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    Is it coincidence that the collective noun for twits is a pen of twits?


    MichaelSA, dispense with the far-fetched BS stories to justify in your mind that no sane person can have a negative sentiment of PEN. You haven't made a very good debut. Insults and made-up amateur psychology don't pass as reasonable debate. Don't fall into the same trap as all the other ura(nium) bull(s).


    Phish. It is extremely relevant to discuss the "old lab tests". Not to have a comparative debate of the two technologies but to highlight what PEN told shareholders would happen with alkaline chemistry and what actually happened. I forget the exact numbers but the design "promised" 80% extraction and delivered less than 40%. That acid ISR is comparatively better than alkaline ISR is not disputed. What investors should be disputing, or at least seriously querying, is what de-rate factor should be applied to the 90% lab result obtained for low pH processing? And ura, column tests are also "lab" tests - all two of them. If it turns out to be the same factor that alkaline processing demonstrated over its operating life, then acid processing will also be uneconomic. It seems you don't understand the questions phish, let alone the answers.     

 
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