In case the economics were not compelling enough What makes the...

In case the economics were not compelling enough What makes the Lance product further compelling are 3 factors. First, Peninsula Energy will produce with the low-pH ISR method to produce. The method involves recovering minerals from a suitable orebody before dissolving them and pumping the solution to the surface where the minerals can be recovered, thereby generating no tailings or waste rock. This means the project, which is the only US project authorised to use this operation and it will be a low-cost operation.Second, there is virtually no sovereign risk with this project, given it is in the USA. Investors in uranium shares have been made all too aware of the issue after the Namibian mining minister made to Bloomberg that ‘local ownership must start with the state’ and that there should be a minimum equity percentage that would be free-carried. This made investors worried that their stakes will be diluted – or worse, that companies wouldn’t be able to proceed with production.There’ll be no such troubles here. This is not just because America’s regulations tolerate mining, but because uranium is needed by the country. After dominating the world’s uranium production in the 1980s, it has been reliant on Russia for is nuclear fuel (which accounts for 52% of its clean energy). Peninsula Energy itself delivers uranium to the country’s strategic uranium reserve.Third, there may be further upside in Peninsula Energy from exploration work conducted at the project. It is important to note that the DFS excluded the bulk of Peninsula’s total land holdings (specifically, all of the Barber Resource Area) and this accounts for over 30Mlb of Inferred Resources. If further exploration work can convert that resource to Indicated and/or Measured, it may be accounted for in the project’s economics and further enhance it.

Time is getting closer to produce commercially
had success in the field trials as was stated
which if successful is by far the best valued uranium miner on the planet