PNA 0.00% $1.84 panaust limited

Ann: December Quarter 2009 Activities and Cash Fl, page-22

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    re: Ann: December Quarter 2009 Activities and... a very well considered post EL. well done.

    i think we should not underestimate the growth potential though.

    BH feasibility study coming out soon, another >100k oz gold production commencing late 2011. works already begun too.

    don't forget about puthep and the option to increase ownership.

    the other exploration sites are also showing considerable potential.

    management's 2014-2015 target is well within reach.

    best of all, it may predominantly be financed from CF.

 
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