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1.03% 9.8¢ peninsula energy limited

dfs clarification

  1. SimonR1979
    122 Posts.
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    04/05/12
    09:04
    Post #: 10130773
    In the spirit of sharing, response from HQ overnight...

    The Feasibility Study on the Lance Projects (details released today) is the study. In all ISR projects such as this the cost is prohibitive to undertake the necessary drilling to undertake a "definitive feasibility study" over the entire project. That is why we have progressively increased the size of the project based on the Definitive Feasibility Study at Ross (as per the Lyntek Study) and now through TREC to cover the first three production units.
     
    It is this study that will be the basis for project financing.
    PEN Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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