MxYes certainly a good announcement. PK is looking like a solid...

Mx

Yes certainly a good announcement. PK is looking like a solid mine for another 10 years at least. I liked the comment regarding cash costs in the announcement.

"C1 cash operating cost per pound of copper are expected to reduce by more than 5% as the quantum of increased metal
production more than offsets the relatively modest increase in unit costs."

I am currently catching up on a few miners to see where some value may lie, haven't seen any value for a long time but its starting to be more apparent.

BH should help stabilise the SP somewhat.

As far as a DCF NPV valuation goes using the following assumptions I get $3.94 per share.

Assumptions:

PK C1 $1.00 lb
BH C1 $650 oz
poc $3.00 lb
pog $1400 oz
pos $20 oz
WACC 9.88%
Stay in business Capex 7% of Revenue
Tax rate 30%
Yearly expl. 20m