Profitability is not the only key too a good project. Good grades offer a buffer against uncontrollable economic factors ( Cu $ decline, wage increases, reduction in recoveries, fuel increases, increase in gov Royalties, etc).
I wonder how long the Lao gov will allow Pan Aust to export concentrate? Last month i spoke with the Lao DGM and the DDFI (old FIMC) and they are pushing/forcing new companies/projects to value add to their product by further processing/smelting. Has any one seen the MEPA for Pan Aust? I am guessing they are OK as the MEPA would predate the current Gov initiative.
PNA Price at posting:
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