Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

Hey Forbearance,
wish I had your confidence of hitting 25k.
I think they will only hit 23k, unless Ok/Star has a particularly good quarter.
Everything is going in the right direction, albeit, at a PNR pace, versus say... other more, proven producers (I could list a few!).

I think the sell down will be short lived, as really, PNR spent a huge amount on exploration in the March Q, with... much of it yet to provide results to the market. They will come. More rigs are arriving and U/G drilling is ramping up across the portfolio.
Jan/Feb were clearly very poor months, with... production being around 5-6k per month, but... that is what happens when you don't have a high grade open pit on tap to supplement any misses from the newly ramping up Scotia U/G mine.
I do agree, it reads better than BGL, but.. alas that is not a huge confidence boost!
Would much prefer to be comparing PNRs Quarterly to some of the proven producers.

Plant continues to hum (praise the team that runs it!), Ok/Star had a solid quarter, but.. it shows that the Dec Q was above average.

Open pit... going to be able to provide a small amount of ore... at least the grades are better than the stockpiles!

Going to be very interesting to see what FY26 guidance is....


I can only hope that PNR actually updates their mine plan!

So much potential at PNR, yet here we sit, the laggard of the producers in W.A.

Agree with all you say @BerserkWarrior.

Mid Tier producers are likely salivating at PNR... and what they know they can do with it... once they acquire it.