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Ann: Record Monthly Ore Production at Lanfranchi, page-3

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Nitrox

1,479 Posts.

11/06/14

07:14

Post #: 13508104
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Originally posted by cujo ↑

Looks like we are on track for a bumper year.

AU14m added cash in just 2 months which is as much as the recent cap raise.

No debt.

WSA pruduces about 5k more Ni than us at about half as much cost per pound.

They have AU175m in cash but also have about AU220m debt and an unused facility of AU125m.

Even though PAN's grades are lower we are easily on track to have over AU100m in the bank at years end both these companies pay about a 1 cent divvy.

I still think we are undervalued at these Ni prices and i think Commsec have over a dollar valuation on us.

These new grades in exploration at Savannah seem a bit better than what PAN is milling now so fingers crossed.

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Things are looking good. Plenty of news flow with the gold and PGM results due soon. I hope they keep building cash then go down the path of PGM production instead of gold.

THX Price at posting: 8.1¢ Sentiment: None Disclosure: Unspecified

PAN Price at posting: 76.0¢ Sentiment: None Disclosure: Unspecified
3 Upvote

0 Great analysis

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