"I would have thought that the DTM was based around the 14.7 million l/b M & I and the revised PFS would actually enhance the project economies of scale when they take into consideration the Vanadium credits and a higher cut off grade of U 308 based on recent drilling success"
MMM - I have previously posted that I think it very odd that PEN has made a DTM prior to the release of the revised DFS. Your comment that "the DTM was based around the 14.7 million l/b M & I" appears true, but WHY?
What has happened since late December - when the EES Study made it very clear that the feasibility parameters included 23m lbs of M&I resource? Why has the hurdle, apparently, been reduced so significantly to 14.7m lbs? What parameters and criteria support this?
It looks like the resource is there but - for a bankable feasibility study - there has to be conversion. In other words, inferred resources are too unreliable for bankable fesibility requirements.
The upcoming optimisation study has many questions to answer, imo
- Forums
- ASX - By Stock
- permit to mine
"I would have thought that the DTM was based around the 14.7...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEN (ASX) to my watchlist
|
|||||
Last
9.0¢ |
Change
0.009(11.1%) |
Mkt cap ! $286.8M |
Open | High | Low | Value | Volume |
8.2¢ | 9.6¢ | 8.1¢ | $3.499M | 38.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2172029 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.1¢ | 170000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2172029 | 0.090 |
1 | 13651 | 0.089 |
2 | 220000 | 0.088 |
1 | 70000 | 0.087 |
2 | 107557 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 170000 | 1 |
0.092 | 256000 | 2 |
0.093 | 761512 | 6 |
0.094 | 93610 | 3 |
0.095 | 934703 | 7 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
Featured News
PEN (ASX) Chart |