Rather than relying on You3OAte to do all the homework just have a read of the SRK technical report. It doesn't take long and is only 30 pages for the Lance section. As You3OAte has stated the technical issues from the beginning were known and it seems PEN management were just PEN management. Anyway, the good news is that the Acid conversation is a game changer ... massive difference in uranium recovery and costs if it all pans out. About $3.5m to convert 9 header houses and another $14m+ from 2021 for more header houses.
Either way, questions need to be asked as to why PEN didn't go down this path much much earlier considering there are plenty of other ISR operations around the world which use acid in both high and low alkalinity situations.
There is light I can see however we have the darkness of Pala and RCF with control of PEN and its assets.
Rather than relying on You3OAte to do all the homework just have...
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Last
5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.9¢ | 5.5¢ | $1.879M | 33.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230880 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 277792 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |
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