Just remember our production costs are around the US$1 mark. This tells us that PNA is making money right now and will do so unless the copper price is going to fall close to the US$1 mark.
If they have to they can still scale back exploration stop the Puthep development ect to save money.
And ofcourse the low $A will help the books to balance.
I do not see PNA going under and it has been mentioned by a few brokers that Copper is still their prefered metal in the near future due to few new projects coming on stream.
In the meantime we see various copper mines being closed and copperminers going into administration.
The future for PNA is not looking too bad at all keeping the above in considerations, but as always with copperminers all depend on the price of copper.
jojo
PNA Price at posting:
13.3¢ Sentiment: LT Buy Disclosure: Held
