Ann: Haggan Vanadium Project Update, page-202

The suggestion that water delayed the DFS is not true; read the Dec Q'ly......
The review on reagents and processing to counter the higher clay mineralisation was the cause of the delay.
Better to get chemistry sorted now than endure what Peninsula Energy have had to chew through the past 3yrs!

Right now we're at $19.40/lb OpEx, so if we end up having to pipe water from 100km away at another $1-3/lb it won't matter one iota.

Just as easily as the company value can halve in a few months, it can double or triple on a single announcement. Such is the landscape of junior developers. If you don't like it go and buy bank shares like all the superfunds.

I look forward to some deafening silence from the forum trolls in the not too distant future.