Stowaway, its a given that Insto's are not going to use the current spot price of copper for their valuations on PNA so you don't need hard proof just a bit of common sense.
In addition remember PNA make a copper concentrate not copper metal so PNA would not be getting the LME price but a discounted price probably around 15% to the spot price.
I'm factoring in a 25% fall in the price of copper so that would give us a price around $1.50 to $1.60 USD per pound.
I will find some info and post it on this thread a bit later.
- Forums
- ASX - By Stock
- PNA
- it will break 26.5 today
it will break 26.5 today, page-12
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online