zfx t.o, page-16

andrew,

you are off ya chops.

understand that it is the cost of production which is the hedge against the factors you have nominated.

at 70c per lb, pna have sufficient buffer to withstand any negative influences.

i guess you haven't seen where laos is in relation to china. a fleet of donkeys with carts could transport it across the border.

i also figure you havent seen the feasability study. it was based on, cu us$1.35/lb, au us$450/oz, silver us$8/oz.

at current spot prices, cash flow is $230 million pa.

at expanded production it is $330 million pa

cheers