re: revised maths
PNA has a market cap of approx $30million. At 40 cents it will be $120 million. PNA have said they are targeting a 5 year gold operation producing 50 to 75,000 ounces. I draw your attention to the recent Gallery Gold (GGR), Mupani feasibility outcome in their ASX annoucement. This is of similar size to the PNA proposal. The project NPV of Mupani was $25million. So where are you going to find the other $100 million in PNA outside of their gold assets? Give or take $20million on the gold project, you still need to find t least another $80million. PNA's copper projects are large but at pretty early stage and dont have this sort of value in them yet. Maybe one day, but there is a lot of work to be done. You are right, things will have to work out "all right". acturtle
PNA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
