If you think about it, IGO is actively searchingfor green fields investments. That take years andCapital to develop while PAN is surrounded by its
Tenements. So at PAN situation now, it's a bargain.Put it on C&M for a couple of years til Nickel recovers then restart it. Look at MBNsold for a mere 100M and resold at 5 times of that.Hopefully the Administrators will get a good buyer for PAN.
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Ann: Appointment of Voluntary Administrators, page-89
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