PEN 4.55% 11.5¢ peninsula energy limited

On the contrary niz, good thinking. Permitting is an extremely...

  1. 1,684 Posts.
    On the contrary niz, good thinking. Permitting is an extremely important part of the process, which is why I am so focussed on it.

    Though I must say, with one of the main project areas already having been successfully mined in the past, and then after three mile island the plant was decommissioned and the surrounding area was fully rehabilitated with all bonds returned, you would think would have to go a long way in pens favour to getting the required permits. Which is possibly one of the reasons why gus told hangseng that no consulation period applies.

    In saying that though, and taking my previous comments mentioning "if you don't have a permit to mine, then you can't mine it" is not entirely correct in Lances case. For I had forgotten about these comments by hartleys that could well come to actually happening,

    "Due to the nature of the permitting, it is also possible that PEN will receive the permission required to extract uranium before it receives permitting for processing of the ore(or before its processing plant is constructed)".

    The fact also that the appointment of WWC to conduct the ISR permitting program is another good decision Imo. Not only do they specialise in regulatory permitting and are experienced in all facets of the Wyoming regulatory and permitting process, but they were involved in the rehabilitation of the Nubeth pilot plant in the 1980s.

    Probably one of the main reasons why WWC have committed to the completion and submission of all permitting applications to the NRC and Wyoming WDEQ by Dec 1st 2010.

    So it appears the scene is getting set for Pen.


    NK



 
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