PEN 0.54% 9.3¢ peninsula energy limited

Yes mate just had a listen. The most I gleened from it is they:...

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  1. 13,367 Posts.
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    Yes mate just had a listen.

    The most I gleened from it is they:
    1. Water has been going through the plant for over a month at better than expected flow rates. This is "dry" commissioning as only water no processing.
    2. They knew of the production approval the week before the official notification.

    Knowing this, I believe they would have commenced loading resin beads and adding Lixiviant most likely immediately following approval in writing to commence production. Now they adjust the process in full commissioning mode, effectively loading the resin beads with uranium as they do this.

    They will regard commissioning as complete when the required process plant design operating level is achieved. This is basically seamless to production and I now expect that first results won't be until early to mid January. Unless things go better than expected, then December results may come out. I would bet on January though.
 
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