I agree about March being the make or break time. Time for PNA to deliver. I have held over 100,000 shares for a few months now - having purchased in arround 23cents weighted. Many investors are probably just waiting on the sidelines to see what happens. I suspect a frenzy IF the Phu Kham Copper Gold goes ahead. With gold prices looking to approach $600 - will be intereseting to see if Gary locks in a hedge on the Phu Kham project if it goes ahead. This will give a clearer expectation on what prices to model the reserves at. I would most likely consider leaving some of the gold reserves unhedged and possibly hedging most of the copper - but hey... what do I know.
The wait for the go ahead has a been a loooooooong and protracted expereince. I am not going to sell as I suspect it will go into orbit once the ouncement comes through. Until then, anything can happen!
Just keep hoping gold and copper surge. The banks will hopefully provide high leverage on the project and the dillution on existing shareholders will be negated.
PNA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
