news from a few days ago.. Pan Australian Resources (PNA.AU) up 6.7% at 32 cents, earlier hit 13-month high 32.5 cents, on heavy trading of 13.5 million shares. PNA remains confident of financial close shortly, clearing way for development of US$232 million low grade Phu Kham copper gold mine in Laos, which it aims to complete by end 2007, with first output early 2008. At that point, PNA aims for annual production, along with output from existing Phu Bia gold mine, also in Laos, of total 50,000 tons of copper, 100,000 ounces gold, 400,000 ounces silver. Some investors must be wondering whether PNA is the new Oxiana (OXR.AU), which also established first copper gold mine in Laos, though at this stage OXR's development timing appears better
PNA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held