eureka report

FYI: Current Eureka Report by Tim Treadgold.

PanAust (PNA). Following in the footsteps of the once wildly successful Oxiana Resources (which later merged to form OZ Minerals), PanAust is producing copper at the Phu Kham mine in Laos. Reserves, production and profit are rising. Gold is also likely to be added to copper output and profit tipped to hit $150 million for the 12 months to the end of 2010, rising again next year to $230 million. Last week PanAust added 4? to 52? but the big broking house UBS has upgraded its 12-month price target for the stock from 67? to 75?.