Thanks Missionx, PNA remains my favorite stock among others that I used to trade : BHP, NCM, FMG, and RIV
My opinion is PNA has lot of upside and I continue to accumulate this stock without too much of worries for the following simple reasons:
- PNA will become a mature producer: by end of year 2009, PNA will generate huge amount of revenues thanks to its Phu Kham production (see PNA recent reports for their expected production volumes / also refer to my comments on thread ANN - March Quaterly Cost and EBITDA)
- It's a low cost producer, and that's what any investors/fund managers will target for.
- PNA is a potential takeover target, so its sp can at any moment double or triple..
- PNA has huge reserves in the pipe with other projects to come:
* Puthep Copper (Thailand)
* Triple "N" Gold Prospect located in the far north of the Phu Bia Contract Area
* Hoy Tum Zinc-Lead Prospect located east of the Tharkhek Prospect
* Exploration targets within its 2,637 square kilometre
contract area within the Lao PDR
- Among other commodities, Copper will be the first resource to recover when the economy get better
- PNA has outstanding and experienced management : target production always scheduled
DYOR
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- macquarie has price target for pna: $0.42
macquarie has price target for pna: $0.42, page-5
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