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15:59
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Originally posted by You3OAte
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No fatal flaws in the next 2 tests - but the market reaction says it all: this is ominous. PEN will get this type of result for the next 100 lab column tests, but for those who know, extension of the lab database does very little to reduce the technical risk of the commercial project. These tests are short duration and done in a perfect environment. Ignore (not totally, but mostly) all of the lab column tests - this is not a general rule, it's specific to ISR testing. Try and answer the question why commercial alkaline processing did not come close to matching lab alkaline testing. Over the months/years, I've given my opinion on why. Decide if this degree of mismatch was an alkaline once-off is it plausible/possible/probable for the acid scenario.
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You know well that the testing for alkali were bottle roll only and the new improved testing is now on column test #5 (a superior testing technique which more closely models field conditions). You always gloss over that... gosh I wonder why? I'm sure you wouldn't be just trying to bamboozle people because you have a bit more technical knowledge than the average investor, right?
(20min delay)
