PEN 1.05% 9.4¢ peninsula energy limited

average at best , page-35

  1. 1,684 Posts.
    Well done Purd,

    I invite the anyone questioning the grades to read this pdf. If only I had this yesterday to touch'e them with.

    Especially this snippet,
    ----------------------------------------


    As opposed to Hard Rock Mining, ISL Reserves can operate Economically as low as 300ppm to 500ppm (0.03% U3O8 to 0.05% U3O8). When you begin to see figures around 500ppm to 1000ppm, (0.05% U3O8 to 0.1% U3O8) you are starting to look down the barrel of a potentially high grade In Situ Prospect.

    The ultimate test, a pilot scheme. This process is far beyond and after the OHOHW drilling announcement of a new U resource that may have been announced on the ASX.

    So next time you see new U Province, or a OHOHW type of Intersection, consider the path the explorer then has to go down before one can really consider their announcement valid.

    Some Junior Explorers are already well down the track, having drilled many hundreds of holes, or near to it, considering the construction of a Pilot Operation, have great market sentiment to raise capital for these operations, and have the Technical Know How to meet the Desired Objective, on time and within budget.
    ------------------------------------

    Good work, there's nothing like factual ammunition.

    NK
 
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