huge volume, page-2

captwazz,

There is more news to follow but the spike in the share price the last few days is because, PNA announced yesterday that they have moved from explorer to producer status with mining operations having started immediately at their Phu Bia Gold Mine in Laos.

Everything is on schedule for first pour in march. meanwhile, all costings have come in either at or below Bankable Feasibility Study estimates.

Significantly, the BFS was bassed on a gold price of US$375 per ounce and here it is trading at $425 per announce. This together with the pit optimisation programme means they will be producing closer to 90,000oz in the first 12 months versus the 50,0000 oz per year that they have SO conservatively stated from time to time.

Go the PNA Express!!!