Fact sheet, PNA is now a $2B market cap company, but MGO stays with $200M CAP.
PNA:
For the nine months to 30 September 2011, the Phu Kham Operation processed 9.7 million tonnes of ore to produce 179,460 tonnes of concentrate containing 43,257 tonnes of copper, 38,917 ounces of gold and 383,479 ounces of silver.
Production guidance for the 2011 year is approximately 60,000t of copper in concentrate at an average C1 cash cost of between US$0.95 and US$1.05 per pound copper after precious metal credits, from approximately 55,000 ounces of gold and 550,000 ounces of silver.
It looks like, PNA processes 12MT ore annually, with Cu 0.5%, Au 0.1g/T, Ag 1g/T, which is the same level as MGO's copper ore.
MGO targets 20MT~40MT ore annually, 70% interest will generate MGO into at least the same large size company as PNA does.
MGO stays with a $200M cap, just one tenth of PNA.
Good luck to every MGO holder, and good luck to George Soros.
MGO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
