Your right I am guessing. There has been very little detailed cash cost information released which makes me sus though.
It is a low grade high tonnage operation and fuel is $140 a barrell. Steel (mill balls & liners), Reagents, Labour, Tyres & Equip spares are inflating out of controll.
I like the stock, I think they have excellent management, they are just expensive. The talk in here prices in the commodity price upside but doesnt factor in the cost side shift which chews most of the price gains.
You are right we will get a better view when they start putting out quaterlys. I think thats why it is being sold down though.
What is your basis of valuation at $1 and what are your assumptions (detailed)?
Do your own research, these are only my opinion's.
PNA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
