rio tinto on the prowl, page-17

Really, what a misinformed post that was...

Copper is currently at $US2.67/lb.

PNA has the lowest costs of any copper producer i have analysed & come across (@ $US1/lb).

Thats still a healthy margin, whereas ABY is a high cost comparison. (KZL, SRL, & OZL are average cost producers)

CUO have cash costs around $US1.08/lb, so they'll do alright as well.

Your 10c claim would have PNA valued at approx $150m, there 2009 profit after tax should exceed that IMO.

PNA on a P/E <1 don't think so!

I'm more inclined to say with forecast EPS of 12 - 15c & on a P/E of say 8, thats a SP of between $0.96 - $1.20.

Copper is meant to be more robust than the other base metals going forward, so i'd say PNA should be $1 stock by the time the March 09 quarterly comes out.