MMW PAN

Ann: PAN: Anglo Pacific Accepts into IAF re MMW , page-7

  1. stlamc
    1,378 Posts.
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    04/05/12
    03:55
    Post #: 10130348
    re: Ann: MMW: PAN: Anglo Pacific Accepts into... According to PAN's latest Quarterly report (23 April), the overall average "Payable cash costs" across PAN's mines is A$5.98/lb NI (after royalties).

    PAN's April report also noted increased production beyond target, which creates more cash flow -- rather like companies in a low margin undifferentiated business succeed through volume, thereby spreading out fixed costs.

    So, PAN has some wiggle room, but better if Ni kicks back up to $9-$10 range.
    PAN Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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