tailings, page-5

Calmanut, here are the broker recommendations since pNA bought the new asset- they are viewing it very favourably- and chck out the right hand side of the page and view down the list- buy, overweight and ouperform:

http://www.fnarena.com/dsp_recommendations.cfm?searchsymbol=pna

No production for 5 years, so the project is a bit like OZL's Carrapateena- nothing will be done yet, so for the moment it is business as usual for PNA with their other projects. If sections of the market are unhappy with the Frieda River project, they might be acting prematurely.

As PNA is likely to slip out of the ASX100 (along with OZL, WHC and maybe some others), the market is pricing that in, and funds are maybe exiting beforehand. Whilst nothing is really ever "oversold" on the ASX, I wouldn't be surprised if PNA had a bounce at some point- but whilst the index re-balancing seems to be occurring before the announcement is made, it is perhaps a better buy down the track. OZL and PNA seem to be having a bit of a tussle around who owns the $1b market cap level.