Very different tone in this preso, clearly indicating that PNR is now capable of executing its growth strategy. I would highly recommend watching the 2021 Diggers presentation as this preso mimmics what was discussed in that presentation. A few points I picked up - Commenting that OC production likely to go into next year - Cost guidance still dropping - 100kozpa run rate from JQ24 confirmed as guidance - Multiple mentions of ease of plant expansion to 1.5-1.7Mtpa. I expect that this will be initiated in 2025 at the latest - 175-200kozpa now main stay in presos I expect, comment is medium=long term - Drilling to kick in from SQ24
Overall tone completely changed, I have observed this for some time but they are now very much on the front foot. Very happy where this is heading
PNR Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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