PEN peninsula energy limited

value comparison, page-27

  1. 283 Posts.
    Not wild speculation my friend. Is it good business to spend millions on turning Lance into swiss cheese making it a 30-40 year mine life or is it getting the measured and indicated resources defined that they already know is there so they can start their first 10 years of production? I personally think the more test drilling they do, the less likely the companies prospects of staying in control, long term. Quite happy to admit in 5 years when i'm wrong but gut feeling says otherwise. Mind you, i'm happy to hold onto my shares in the meantime.
 
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