PNR 7.83% 9.0¢ pantoro limited

kata88 i'm not concerned at this stage as the comp used $1400...

  1. cag
    153 Posts.
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    kata88

    i'm not concerned at this stage as the comp used $1400 aus gold price as their basis in the feasibility studies
    plus they have a hedge of 14400 ounces @ $1568, so unless aus gold price drops dramatically under $1400aus for an extended period they will be fine
    plus they appear to be finding gold at a much higher grade than anticipated which will help to lower costs
    will it stop share price weakness in the short term- probably not, a good buying opportunity?, I think so

    cag
 
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