Chart thread, page-494

My call of a 14-16 annual low looking good.

Now its above that and heading back above 20
shouldnt be below 30 imho.

If MCR is worth $1B so is PAN imho.
In fact PAN more so as it has more JORC resources and a large 1.5MTpa mill built with staff camp unlike MCR and its closer to china so cheaper port to port transport costs.

as for EL talking of 75% payability and $200M capex, well most that capex was spent on the restart and mill refurb and now its about mining and increasing to nameplate capacity and getting the mill pumping

7000Tpa guidance is very low consodering they mentioned 10700Tpa in the DFS so lots of upside both in mining and at the mill and plenty of LOM to go.

Victor has shown exCEO Harold how to do it and restart on time on budget and fast.
Harold should look and weep as his stalling & delays are mind boggling.

The next few Qs should show stronger production, revenues and way lower costs as that capex lowers substantially and the mill starts pumping.

Meantime PAN is in a classic flooring pattern here, looking at a retrace to 20-36 imho.