PEN 0.00% 10.5¢ peninsula energy limited

Ann: Pre-development activities at Lance set to ramp up, page-2

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    Encouraging announcement. I particularly like the decision (finally) to evaluate solution upgrading and acid recover. I suspect they will use a combination of ultra- and nano-filtration. The volumes to be processed will be huge, i.e., high CAPEX, but OPEX could be improved materially to outweigh additional CAPEX. To use UF/NF successfully, they will have to resolve this "fine solids" problem.

    Timing is painful, but that's ISR testing for you.
 
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