Ann: Quarterly Activities Report, page-3

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ura_bull

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26/04/21

10:30

Post #: 52717103
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Originally posted by tutes ↑

nothing new in the report that hasn't been announced already

but certainly makes for positive reading:

Test modifications have delivered favourable results

o Modified test patterns improve response time
o Target pH levels are close to being achieved
o New oxidant is delivering results
o Uranium in recovery solution increases

Uranium sales activities forecast to secure net cash margin of US$8 million to US$9 million
in CY2022 (that's on top of the $6M-$8M it will receive from uranium sales this year)

It's nice to be receiving incoming revenue and not doing capital raises like the other U companies have done in the past week-months. Unfortunately, CRs can't be avoided because the explorers/developers have no source of incoming revenue.

Expand

Seems to contradict a certain armchair geologist on here?

As previously reported, the field demonstration exhibited a trend toward consuming more acid than was modelled and subsequently projected in the 2018 Feasibility Study. This too is understood to be a function of the selected pattern dimensions and screening design, which cannot be simulated in laboratory testing. The higher level of acid consumption is not a function of acid consuming mineral content, which had been assessed prior to the start of the field operations. The Company will continue to closely monitor the progression of the system pH and will evaluate opportunities to optimise the pattern design criteria and its impact on chemical requirements before commencement of commercial operations.

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PEN Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

1 Great analysis

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Ann: Quarterly Activities Report, page-3

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Ann: Quarterly Activities Report, page-3

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