PNA 0.00% $1.84 panaust limited

lol not this old rumour again personally feel PNA is not for...

  1. 4,557 Posts.
    lol not this old rumour again personally feel PNA is not for sale:

    http://business.smh.com.au/where-the-mood-may-take-us/20071209-1fzg.html?page=2

    Where the mood may take us
    Jamie Freed
    December 10, 2007

    Smooth sailing
    The Laos copper-gold miner Pan Australian could prove a tempting target for Oxiana as it continues to report good news about its Phu Kham project.

    The $US241 million ($274 million) first-stage at Phu Kham is under construction and should produce its first concentrate in the coming March quarter. But Pan is already thinking bigger. Last week it obtained a $US75 million debt facility to give it the funds to order a ball mill for an expansion of the project. In a rare move in the overheated mining sector, Pan thinks it will complete the second-stage of Phu Kham six months early. Phu Kham could therefore produce 65,000 tonnes of copper a year and 60,000 ounces of gold from 2010. That would make it similar in size to Oxiana's present operations at the Sepon copper-gold project in Laos.

 
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