gold producer, page-13

re: back to 17c - scd capman

perhaps you should deal with reality or otherwise your imagination and calculator will get out of hand. this company has barely dried the ink on a feasibilty study for the gold project and has stated in the quarterly issued yesterday that Phu Bia has a four year mine life. And you merely state that with "resource upgrades" this project will be extended to 10 years...... give us a break. I guess as a trader you can think what you want but reality says otherwise.

and PNA will require no more funding? How will it build the Phu Kham copper project (likely cost US150m or so and) and drill and conduct a feasibility study and then construct Phutep (likely cost US$90M) without additional funding????? And conduct very expensive exploration??

It seems the revenues are most important to you in your calculations not the journey required to generate them.

Perhaps you may note I never said this stock was undervalued or overvalued..... I was merely pointing out the gold project is a weak baby and is not really going to get the instos excited.

I agree Phu Kham and Phutep are the main game. However Phu Kham has not even started the true phase of feasibility as drilling is still going on, and Phutep has a helluva lot of drilling to do before you see any action. These projects are a long way from production.

PNA has been a capital intensive stock and will be for some time. Perhaps tt will be a powerhouse when Phu Kham and Phutep are up and running but that is someway off.

acturtle