PEN 11.1% 9.0¢ peninsula energy limited

permit to mine, page-2

  1. 2,180 Posts.
    Vintage you wrote-"No sign of draft permit advertising yet - so I guess that means the reclamation bonds have not yet been submitted"

    Vintage , with respect, thats an assumption you have made and perhaps they have actually already submitted the reclamation bonds with Form 8 , and have just not advised the market as yet.

    It does not make any sense to me to announce to the market that the board have decided to proceed with DTM and then await the results of the revised PFS before submitting the reclamation bonds other wise if it were a factor they would not have had the confidence to make that decision in the first place.

    i would have thought that the DTM was based around the 14.7 million l/b M & I and the revised PFS would actually enhance the project economies of scale when they take into consideration the Vanadium credits and a higher cut off grade of U 308 based on recent drilling success

    Food for thought


    Regards
    MMM

 
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