a quick summary, page-4

dude cat got your tongue?

There was quite a point made by management about the deceptive figures being thrown around by the "lower cost producers" They have been excluding some major mining costs, which if were taken out of PDN c1 costs would give it under $20/lb

Also your looking back over past history , you should realize that when you are constructing mines and doing a lot of exploration, that there can be a lot of surprises.
PDN is now virtually entirely focused on production and increasing efficiencies.That means that the company is completely different to the one that you are obviously disappointed in.