PEN 4.76% 10.0¢ peninsula energy limited

A little off the thread.Just had a reread of the brokers report...

  1. 43,652 Posts.
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    A little off the thread.

    Just had a reread of the brokers report thanks Nklex

    "Most significantly, the database confirms a positive disequilibrium factor of 27%, where the results from down-hole
    gamma logging of uranium mineralisation have been shown to be lower by 27% than the more accurate chemical assays. This indicates potential for upgrading of possible resources."

    Does this mean PEN may have 20% more mineral? If so then US$17-18 profit (US%27 cost) per pound at US$45......

    Dreaming of a nice holiday house on the coast. Back to work

    Trees
 
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