fools paradise, page-27

In addition, I hold no faith that the management at PNA will deliver on the production projections of the Phu Kam project 50K T of copper concentrate per annum.

I base this on the companies track record to date the current Phu Bia Gold mine which was projected to produce 65K ounces of gold at a very low cash cost, after 6 months of production it was down graded to 50K ounces per annum, looking at today's June qtr end report Phu Bia is not even close and the cost of production high.

Major positive I see is that this stock has massive insto backing and the support of the heavy weights, it has a massive deposit in Laos and Thailand looks interesting.

From a fundamentalist view point I wouldn't be buying PNA right now, too many miners take off before production is proven and with PNA's track record 50K T looks like a dream IMO. Remember Sons of Gwalia a highly promoted resource stock by good old JBWere & Son.

Good luck to all holders.

Regards