re: Ann: Likely Mineral Resource Increase at ...
Some good posts on this thread regarding yesterdays announcement.
Agree what has been said by F&B and others.
One other positive in the open briefing that Stafford gave is in the second paragraph, that I interpret as stating that the funds from GRAM have been used to retire the last $80m US of PK's project debt.
The elimination of the finance costs will help maintain our profitabilty while they continue to sort out the recovery issues that have lowered the FY production forecast.
Other positives are the commencement of pre developement work at Ban Houayxai, as well as the resource upgrades for both Pk and BH including talk of a possible expansion to PK above the 16mtpa planned from 2012
Finally as mentioned by others the two year drilling program in Phonsavon brings another potential organic growth area further into play.
PNA Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held
