Double bottom in PEN Alert, page-56

At least 80% of nameplate. Shareholders paid for a 600,000 lb per annum plant. That's what the plant should be measured on.

Don't forget, will those years ago, alkaline testing also gave "great results" during the various study phases of the Lance project. All of a sudden, alkaline chemistry is inappropriate for this geology/ mineralogy. Sorry, being the cynic that I am, I don't buy into this new silver bullet. I don't think the problems are confined to lixiviant chemistry. I think production has also been constrained by poor hydraulic performance of the mineralised ore zones, i.e. the ore zones getting clogged with unwanted and unexpected species that precipitate out of solution. Poor ore zone permeability is a much tougher nut to crack. My opinion only.