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re: Ann: June Quarter 2009 Activities and Cas... Horsetrader -...

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    re: Ann: June Quarter 2009 Activities and Cas... Horsetrader

    - Probably easier to focus on cash costs, total costs are too messy with depreciation assumptions and capitilisation of exploration.

    - PNA have two other advanced projects, OZL at the moment is a one trick pony.

    - OZL's significantly greater market cap captures its higher production and lower costs.
 
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Currently unlisted public company.

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