Ann: December Quarter 2009 Activities and Cash Fl, page-14

re: Ann: December Quarter 2009 Activities and... Good post HT.

I don't think any here would choose Phu Kham over Prominent Hill in a straight mine comparison.

Still what impresses me the most about the last Qtr for Pk is the improvements that have been made, particularly in Copper Recovery that improved through-out the Qtr, as well as significant increases in the mill operating time. Although there seems to be an ongoing issue with the flotation circuit.

More than anything it is a solid indication that management are resourceful and adaptive.

I believe the increase in through put to 16mtpa by 2012 and improvement in the ore grades as we work our way through the transitional ore will make higher Cu production possible. An expansion to 70,000t looks easily within reach.

The advantage PNA has over OZL is it's more defined project pipeline. This is where the growth and value lies.

Mx

Thanks for you kind words. I confirm I am qued. Today might be my luck day.