guys I know there isn't much to really smile about at the moment...

guys I know there isn't much to really smile about at the moment most resource stocks are taking a bit of a dip at the moment because metals, gold, oil are retreating some. but IMO the tied will turn. The other guys on the other board are amusing themselves talking about where there company is heading, what their company may do with their mountain of cash etc. some have the cheek I tell you to be saying that OZL will do better then PNA thats just sacrilegious. I'm not going down without a fight and so far since the gfc and if we take it from bottom of it, when markets finally turned. PNA has/is doing better, and will continual to do so.

To but a bit of a smile on some of our faces how good is this. 3 people have dropped this in my email box today I hope I don't get into trouble posting it here its out there anyway, and most times these guys as long as you spell there name right don't seem to mine at all.

How good is this.

Sent: Friday, January 28, 2011 3:45 PM
Subject: PNA Highgrade article

PanAust reaps copper price dividend
Michael Quinn, 26 January 2011
PANAUST has been one of the quiet achievers in the Australian resources sector, but its relatively low profile doesn't mask the excellent performance it has been delivering of late nor a strong development pipeline over the next 4-5 years.
The sought after combination of record December production and record copper prices sees the company having $US185 million cash, with debt of $US45 million and forecast earnings (EBITDA) in 2011 of $US335-390 million - depending on the copper price.
PanAust was capitalised this week at about $A2.5 billion.
The flagship Phu Kham project in Laos is in the midst of expansion that will ensure production is maintained at about 65-70,000 tonnes per annum of copper (at cash costs of about $US1/lb), while the Ban Houayxai gold development (100,000 ounces per annum at cash costs of about $US450/oz) is 21% complete and on track for commissioning at the end of the year.
Meanwhile, the 59.4%-owned Inca de Oro in Chile could be a 50,000tpa copper and 40,000ozpa gold operation (at cash costs of about $US1.20/lb copper) from mid-decade, with the 49% owned Puthep in Thailand a potential 25-30,000tpa copper development and Phonsaven, an exciting exploration prospect north of Phu Kham and a potential 25-30,000tpa copper production operation.
But wait, there's more.

"After meeting PNA's new South American GM (previously at BHP and Codelco) we envisage further projects to come PNA's way from across South America (particularly from Codelco)," Deutsche Bank's analyst team said this week.
Deutsche is a fan, as are most investment banks, though typically differing assumptions make for valuation differences between analysts in terms of share price.

Cash generation is strong and the company now has net cash and available debt facilities, positioning it to fund both Ban Houayxai, Phu Kham expansion and medium term (the) Inca de Oro development, subject to elevated copper prices being sustained," Credit Suisse said.