Totally agree with you the market is waiting for PNA to get the Phu Bia in production and this will give PNA a new re-rating moving from explorer to producer. The next interest of the market will be the Phu Kham gold/copper deposit and with PNA putting all its drill rigs onto this resource for drilling in the next couple of months we could see some more good results coming in. After the Phu Bia is in production more reserve upgrade of the Phu Kham will be well appreciated by the market in my opinion. Its also good to see that the extension of the bounderies of the resource have gone in hand with better grades. Besides the floundering share price PNA is only looking better as days go on and with a strong gold price far above the BFS we can expect the Phu Bia to be a nice cash generator.
With continueing upgrades of the Phu Kham i expect to see a great report coming from the BFS reporting a very economical resource with excellent returns.
jojo
PNA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
