Chart is retracing higher from this unjustified 36 to 18 crash
should be at 36-52c imho
If WSA & MCR are worth $1B so is PAN imho
The Sept Q will be a ripper with lower costs and higher revenues and margins imho.
The capex spend was pushed into Q4
the 11 shipments are flowing and production is moving, with the mill the main focus on improving throughput and grades
PAN is only one of 2 Ni stocks in Oz left that havent run up like MCR or Sherritt by 1300%-3000% from 2015 lows, as yet.
PAN is producing and on time & next few Qs will show the lower costs, higher production & higher NP (10 instead of 8 going to 15-25 imho) will boost cashflows and margins imho.
PAN can RUN.
PAN Price at posting:
23.0¢ Sentiment: Buy Disclosure: Not Held