PEN 0.00% 10.5¢ peninsula energy limited

3-uranium-bulls-ready-to-charge, page-27

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    They faced some obstacle to get the underground chemistry right. I think it is just a matter of time for them to make the soil acidic enough. Y3 thinks the soil has too much calcium and will never be suitable for low pH mining. I think if they just keep pumping acid and oxidants, it will eventually reach the desired steady state. At this stage it is a gamble with a reward to risk ratio of 10 to 1. Recent run up in the SP to 13 cents suggests the market thinks there is hope.
 
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