PNA made over $100m in mine profit in the qtr (revenue from sales – C1 cash costs)
Its also a given they have a fantastic development pipeline. PNA qtly was “steady as she goes”. They certainly have an advantage in being in Laos – normally with the volume of copper it is producing and the copper grades it is processing, C1 costs would be much higher. I suspect that wages are quite low when compared to OZL. It just goes to show that there is more than one way to get C1 costs down
Guys you get the feeling reading between the lines confirms somewhat that BH silver prodn will ramp up considerably in the 2nd year - the "averaged" 450,000oz figure may be on the low side. I really hope so.
Great to see you (EL) are mentioning BH and that lovely yellow metal. that I just feel you didn't have a lot of time for in the past. (well its the feeling I got anyway). tell you what fact you could do a heck of a lot worse than liking gold over some(most if not all) other metals. I'll turn you into a lover of gold yet :-)
PNA Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
