"In addition to acquiring the CPP site the Company has also taken ownership of the Oshoto reservoir and the rights to access the water resource for the well field and CPP operations." This is huge news. They own the Oshoto reservoir. The mammoth amounts of water required to run an ISL operation wont have to be purchased from elsewhere or found from underground basins requiring massive amounts of drilling. They have their own supply on tap ready to use. Another huge saving in capex.
PEN Price at posting:
7.4¢ Sentiment: LT Buy Disclosure: Held
