Panoramic is in its Orphan period of its restart and expansion. Any talk and criticism about high cost have been disingenuous given the stage and cost involved in opening up Savannah North. Without touching on abnormal macro conditions.
Costs are anticipated to drop significantly at name plate, expecting them to drop earlier is unrealistic. Nickel now back above $23k will help.
Trafigura won’t be short sighted with their outlook.
When the golden run starts the negative posts will stop but I suspect they will be laughing.
PAN Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
