Ann: Pantoro board approves initial 85,000 metre growth programme, page-37

Well, PNR just touched $0.10.
As you alluded to, PNR is indeed implying everything is further improving on the ground. Even just a 5% improvement on the March quarter would see PNR produce apprx. 20,200 ounces, which at $3500 (average), would see them generate $70.5m in revenue. If costs are similar to the March Q, then PNR would generate around $13m, which... sounds about right, though I doubt all of it will flow through, with Scotia U/G starting up, exploration, etc.



March was a particularly impressive month, though I doubt they will be able replicate that Month on Month yet, though after Scotia U/G kicks in, that is a different matter.



The threads for PNR are still very quiet, yet.... it has performed incredibly strongly in the past few months.
I am still hopeful PNR can sell Halls for a reasonable amount, to create a pure Norseman play.
PNR could have upwards of $150m in cash by years end.... i..e an E/V at less than $500m if PNR can actually continue to execute on it's plans (therein lies the risk/reward of course).

I cannot help but be impatient for the rigs to really get stuck into the 85,000m drill program.

Though in the near term, the quarterly is going to be the main price driver.

@Joelstar - would be very interested in your views on a OBM vs PNR comparison.

I am quite jaded by OBM and my history with it, but... I am open to being swayed back