Australia's largest stock trading and investment forum Australia's #1 stock forum

PNR

Click for more information

2.00%

9.8¢ pantoro limited

Ann: Investor Presentation, page-12

First 12 Last

Share
Profile

Follow
Chugchug

511 Posts.

71

17/04/24

21:24

Post #: 73395883
Share

Originally posted by Kippytop1: ↑

I think the correct peers for PNR are Karora and St Ives (Goldfields). This will take 5-10 years to unlock and expand. If you assume $50mpa in development cost (ex Mill Upgrade), these costs were in the original model, I think you get yourself in the 200-250ktpa range within 5 years. That is only $250/oz of production, less than half of the gold price increase over the past month. At that level operating cashflow is over $400mpa. Two more points, PNR has massive tax losses. Also if you look at the Underground resource grade, it is one of the highest in WA (11.3g/t). The question is the Cash costs for the underground operations and PNR have been saying <$1,700/oz for Scotia. If this is the standard for the underground operations the operating margin is already $2,000/oz. If they can execute, this has plenty more left in it. My price range benchmarks are as follows
1) De-risked commissioning, 8-10cps
2) Early takeover offer, 15cps
3) Expanded operations, no further gold price increase, 15-20cps
4) Expanded ops and increased gold price, +20cps

Expand

Ramelius will own this way before your step 1 takes place imho
feed for edna may and keep this going too.
Thats the 3rd hub theyre after, makes perfect sense, ramelius are under ground exerts imo.

PNR Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

PMT

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

RXM

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

CXO

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

WCN

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

HCH

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

There are more pages in this discussion • 9 more messages in this thread...

First 12 Last

Add PNR (ASX) to my watchlist

(20min delay)
Last 9.8¢		Change -0.002(2.00%)		Mkt cap ! $632.4M

Open	High	Low	Value	Volume
10.0¢	10.5¢	9.5¢	$3.075M	31.03M

Buyers (Bids)

No.	Vol.	Price($)
3	441465	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	666991	1

View Market Depth

No.	Vol.	Price($)
3	441465	0.096
2	431564	0.095
4	385377	0.094
2	500001	0.093
1	30000	0.092

Price($)	Vol.	No.
0.098	666991	1
0.100	1606849	7
0.105	1436518	12
0.110	1811311	9
0.115	166498	4

Last trade - 16.10pm 08/07/2024 (20 minute delay)

PNR (ASX) Chart