Hola Dhuy... NK, glad to see others have the same read... assuming we have confirmation of the historical data upon which the financial model was developed, PLUS confirmation of the ISR suitability for the permitting work, and that the current enviro studies continue to deliver, then I'm much happier to see the cash in the bank, or being mobilised towards development efforts rather than further drilling in the current climate!
Seems we got sufficient resource to get on with it ... always plenty of room (and ground held) for extensions into the future but I think PEN's focus is clearly getting the project operational in as short a timeframe as possible.
It seems we are now seeing clear evidence of the resource ... will be interesting to see the frame they present the chemical testing in when that comes through, which I assume could coincide with the 6 month mark of the enviro work?
Night... :) DL
lance drilling program successfully concluded, page-7
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