PNR now surplus higher grade ore stocks, something they have struggled to mine to date ( hence lower mill throughputs ) Underground stoping hitting full production numbers, at a 60,000t qtr run rate. ( up from 35,000t Q1 ) They are now in the high grade Scotia ore blocks, more tonnes, more grade. Mill continuing to ramp above nameplate. Recoveries should rise marginally with higher grades.
More Tonnes x More Grade = Profitability.
Just need to control production costs where they can.
Watch out for the Bull ! I
PNR Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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