Not long now

....and maybe some good early production results. My guess is there will be based on PEN information released earlier.

For those that are interested the photo below is of a "Header House" at nearby Nichols Ranch (Uranerz).


On the 17th August 2015 PEN announced as follows:
PEN 17_08_2015.pdf

PENINSULA INTERSECTS HIGH GRADE URANIUM DURING PRODUCTION DRILLING AT LANCE PROJECTS MINE UNIT 1
Highlights
* High grade uranium intercepts from mining development drilling within Mine Unit 1
* Significant intercepts include:
o 2.5ft @ 4,680ppm U3O8 from 447.5ft. (GT 1.17)
o 9.0ft @ 1,000ppm U3O8 from 414.5ft. (GT 0.90)
o 9.0ft @ 750ppm U3O8 from 469.5ft. (GT 0.68)
o 7.0ft @ 890ppm U3O8 from 402.5ft. (GT 0.62)
* Intercepts within Mine Unit 1 continue to meet or exceed resource grade expectations
* 99% of all monitoring, injection and production wells completed have passed mechanical integrity testing.

This will be the first production site at Mine Unit 1.

My take home.....All results above are not only excellent, they are well above the stated parameters for resource calculation. I am expecting something quite special to be announced from first production.