Although cash costs are always nice to see - I suspect they wouldn't look great and tbh they're relatively irrelevant - PNR is in ramp up mode and so the bigger issue is do they have the capital runway to get up to steady state - which they do - particularly as strip ratio's drop in the pit which accounted for the largest tonnage in the last quarter. If they had $10m cash and gold was at $2500AUD I'd be calling a cap raise.... I can't see one coming.
There will be a lot of reshuffling of portfolio's in the next Q as golds rally, all the money that is currently in this is underwater, and I suspect the smart money will hold tight knowing there will be a re-rate.
Although cash costs are always nice to see - I suspect they...
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Last
$3.74 |
Change
0.025(0.67%) |
Mkt cap ! $1.469B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.78 | $3.71 | $1.266M | 338.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 5324 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 3329 | 11 |
View Market Depth
| Last trade - 11.39am 30/07/2025 (20 minute delay) ? |
| PNR (ASX) Chart |