TC-DRC
Why do you beleive that PNA will not achieve earnings forcast. The only way we will know this is from company quarterly's and annual reports.
Looking through there presentations the actual cost to mine this project is quite low. They have based the companies gross earnings on low medium and high commodity prices.
The commodity prices are in the medium to high range which is roughly where copper and gold are sitting right now.
China will be running out of copper by years end, I posted a previous article on HC from Bloomberg, this is good for copper prices. However the demand should not just be linked to China.
Unless you work within the company or have inside information I would say you are guessing.
Not having a shot at you mate but I like to understand why you believe this.
Phase 1 the target isfor 2008 30000t copper 30000t gold 300,000oz silver, this would mean if we divide these over 7 months time frame to Dec 08 4286t copper & gold and 42858oz silver would need to be mined each month to reach production target.
As long as the mine does not shut down for whatever reason the earnings for this company should be sweet.
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