macquarie has price target for pna: $0.42

WOWWWWWW!!!!

Just came out today from FNARENA (20/04/2009).

We got Macquarie Bank that rates PNA as "Initiation of Coverage: Outperform" with a target price of $0.42 .

Following are Macquarie comments:

"PanAust is a copper/gold miner with its most promising asset a 90% stake in a copper/gold mine in Laos, the broker reports. The broker suggests the project is further advanced and thus de-risked than other Australian local and offshore projects, thus providing it with more immediate benefit from cost reductions in the industry.
The broker sees possible upside from already above consensus forecasts and thus opens with Outperform"

Other brokers Credit Suisse and RBS rated PNA as Outperform and BUY !!!!

Prepare for sp to skyrocket !!!!!

I told you guys that PNA production by end of year 2009 will be huge and with low margin cost all Brokers now target PNA as a BUY / OUTPERFORM....