average at best , page-4

Not bagging you at all tcisboss, in fact its a good subject to bring up.

You see, what is not getting realised here is that if Lance was a conventional mine then Yes I would agree with you.

But its not, Its ISR!!!!! and these grades for ISR are quite acceptable by any means.

The simple fact is, Pen doesn't need to prove up any more than 15m lbs Imo. Just that will give them 10 years in operation, netting possibly 40 million per year, and thats being conservative. And the mine has a payback period on it of I think only 1 year.

I dont no of many mines mines that can compete against those stats.

I'm glad you brought it up though. good query.

Cheers NK