Yes, I happen to agree with you mmm, Feasablity process underway at Lance was indeed for me also a very strong announcement in their progress, even if the market seem to think it was Ho-Hum.
"Peninsula to design an In-Situ Recovery (ISR) uranium processing plant that is capable of
processing up to 3 million pounds of U3O8 per annum. It is anticipated that the plant design will
be completed by the end of February 2010."
Would have to be close to being one of the biggest ISR processing plants in the US. From memory the biggest their is up to 2ml lbs. Makes you wonder how much of Lance will be proven up by the time they start producing in 2012. They will likely be in a good position to ramp up production if they need to.
NK
my favourite announcementsfor final quarter 09, page-2
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