Todays Australian: Stocking up for the future: expert advice
Peter Wright, Burrell
Pan Australia (PNA): Successful commissioning of the Phu Kham copper and goldmine in Laos and a reserve upgrade have been overshadowed by the dramatic fall in the copper price.
With one of the mining industry's lowest strip ratios at 1:1 and consequent low cost of about US81c a pound versus the prevailing spot price of $US1.48, PanAust is well placed for the inevitable supply side issues that will arise, with current spot price possibly eliminating swathes of copper production.
careful guys. shorters are back into pna, page-7
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