By my reading of the 8.7 addendum Pen has not finalised the funding of the Lance Project and depends on the US Dept. of Energy
** While the prescribed calculation in 8.7 indicates that there are 109 quarters of cash remaining, the Companynotes that the capital development and pre-production costs for the Lance Projects are not included in thecalculation. The Company continues to progress a number of additional funding options, including potentialgovernment funding support through the US Department of Energy **
Should a Trump administration get in, the Dept of Energy will not be as free with taxpayers' money which raises the possibility of a CR. I'd like someone here on HC to clarify this for me if possible.
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peninsula energy limited
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By my reading of the 8.7 addendum Pen has not finalised the...
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