PNR 2.20% 9.3¢ pantoro limited

@speculator101Thanks for your comments … reasonably happy with...

  1. 3,468 Posts.
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    @speculator101

    Thanks for your comments … reasonably happy with my read on PNR to date, even happier with the improvements in operations since I entered. The dip to 3c was an awesome opportunity.

    Along with other CEOs Paul Cmrlec was sort of in the wrong place at the wrong time, probably felt under a lot of pressure and friendless with all things not going to plan over the years but I believe he is honest and a trier … happy for him to be getting a few wins …that face grade would of made him smile, maybe even a tear after what he’s been thru.
    https://hotcopper.com.au/data/attachments/5813/5813539-5193099081bcdd47b14141a16fc3538a.jpg
    Level 515, East of decline, Ore drive 1 , Face1 … nice 1st cut on the 1/12 … consecutive cuts in this area at these grades would explain some of the rise in overall mill feed. Confident of renewed higher stoping tonnages this month.

    8000ozs looks potentially achievable but I will err on the side of caution at 7000 (and will gladly take any upside ) so a 19,000+ oz qtr would be a great lead in to 2024.

    The market has just wrote off PNR and PC as easy beats but I still believe history will show the guy in the red trunks ( see diggers and dealers presentation ) has still got enough fight in him to win.


    Last edited by wassa: 12/12/23
 
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