vintage firstly I don't believe they will be cash flow positive for at least the first 2 years operation, there will be no surplus as the plan has always been and remains to pay off debt within the first 2 years operation.
I have explained the absurdity of your double dipping of costs, especially wellfield development, exploration and evaluation all of which PEN has included under all in costs, along with OPEX, salaries and associated costs, royalties, indirect taxes and including funds held back for restoration etc and excluding corporate overheads.
You have wrongly added development and exploration to the all in costs PEN has stated when they are already included. If you can't grasp that I suggest you stop posting on this topic as you are misleading those that aren't aware.
You certainly would not get a guernsey on any development project I have been on, especially the current one with a CAPEX exceeding the Ross project by over 5 times. Yes this is my daily bread and butter so you could say I know a little about it.
Better you stick to forte of published timelines, as you have demonstrated here you have no idea on this topic.
PEN Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
(20min delay)