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commsec updates pna outlook

  1. davej56
    286 Posts.
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    27/05/11
    12:27
    Post #: 8460810
    After the consoidation, Commesec Research has updated it's Price target from 88 cents to $4.40.

    Their comment...

    No Change to Underlying Earnings...
    Our price relfects 19% upside agianst PNADA's current share price. PNADA is set to benefit from a gold by-product contribution from its Ban Houayxai gold project from CY12. A recent resource upgrade ar PNADA's core Phu Kham operation has extended forcast mine life and contained metal content. We remain bullish on copper with prices at or near USD$4.00/lb until 2015.

    Cheers
    Dave J.
    PNA Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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