PNA 0.00% $1.84 panaust limited

Ann: PanAust to acquire majority interest in Frie, page-17

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  1. 4,420 Posts.
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    re: Ann: PanAust to acquire majority interest... misgivings aside, I wonder why they don't go straight for Nena, the 33 Mt @ >2%? Many of the issues are minimised by going for the high grade resource, but that activity would position the company in the area for a much better understanding of the larger system. Perhaps I don't understand the geology...maybe you have to go through the large low grade system to get at Nena?
 
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