PEN 4.55% 11.5¢ peninsula energy limited

possible jorc result friday?, page-6

  1. 3,815 Posts.
    Hi Spudman

    I'm not anxious, not by any means, but I am interested to read about our updated resources.

    Gus stated in his Nov.18 BRR interview that we were planning a recalculation of our resource base for December - (Gus then added "and obviously a release of that").

    As has been stated here previously, Gus appears to work a little bit like a good chess player, and by that I mean, it appears as though he invariably has a couple/three moves planned in advance.

    That we haven't as yet read anything about any updated resource figures, well that's something I'm guessing to be a postive for us holders. I say that, 1/ because of my above statement/contention about Gus and 2/ because in that interview, Gus preceded his comment about a resource upgrade with something that 'may' be the reason why we haven't as yet received it.

    "We continue to add significantly to the resource base".

    These words, especially if perhaps slightly understated, 'may' tend to indicate that the 200 to 220 new holes drilled since the last resource update, which include newly found rollfronts, is going to assist in making for a very nice upgrade.

    If interested folk take the time to re-listen to this interview, Gus does say a few more things that indicate results above and beyond what was previously hoped for.

    Like most times, I'm probably just waffling, but given we haven't as yet received the resource upgrade that Gus indicated would be completed in December, having re-listened today to Gus's interview, I believe there is cause to think the upgrade (when it is released) is going to be pretty handy! :)

    Regards
    RM

 
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