PEN 0.00% 9.4¢ peninsula energy limited

PEN - the Benjamin Franklin decision, page-8

  1. 15,529 Posts.
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    One point that may sound like heresy. Is we want to know that the thing will work. i.e. That the uranium will leach a can the b resin can be stripped and the leaching agent can be recycled. I've indirectly been in a U miner/hopeful that first didn't happen. I think it was CUY out of HAV.

    Furthermore I beleive the other sandstone hosted uranium ISL projects currently working in the area are slighlty different. The type PEN is leaching is more like the ones in Kazakhastan. I beleive Strata's 2IC has worked with this type before though. For all the lengthy disussion of on licences, time frames, hearings meetings and other minutiae, this may be more of a worry.

    Also exactly how much uranium is there may be in question TOE seem to believe radiometric probes were reading too low for the newly acquired leases. it's possible the converse is true for the PEN assays.

    OK you guys can have at me now.
 
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