nope, that quote wasn't specifically meaning PEN at all.. if you...

nope, that quote wasn't specifically meaning PEN at all.. if you have time, have a look at the Crux interview with John Cash and Mark Chalmers where they discuss "there's a lot of telling not showing"... PEN is "showing" that it is getting into action.. whether they can achieve on time is another question, but no doubt PEN currently is "showing" by their actions

John Cash also says "companies that have a history of production.. management teams that have which have fought these battles before (ie previously produced).. companies that have senior production teams are going to be the most successful going forward"

A lot of mines went idled (eg. McArthur River, Kazatomprom).. due to low uranium price (was as low as $20), due to other issues.... well, isn't it good that if something isn't working well (eg. alkaline ISR), the company adapts and evolves by doing something different (eg. acidic ISR)?!?

I'd be more worried if they just persisted with alkaline at this point in time

Field trial results has shown acidic ISR (same process as Kazatomprom) has resulted in much better results/economics... let's see how it plays out

also, PEN will now be producing their own yellowcake in-house, no longer paying any third parties to process their resins... anyone know how much PEN are saving (and improving the economics of the project) by doing this?