PNR 0.00% 8.9¢ pantoro limited

Probably read it too many times myself today lol … Stompers is...

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    Probably read it too many times myself today lol …

    Stompers is onto to the missing gold lol …. PC probably doesn’t do himself any favours, most CEOs would of noted the value sold in the first week of the April.

    On the availability … Can be a grey area, a lot of companies calculate in various ways, some allocate fixed maintenance time so the available time is not actually 100% day/ week, then they would only calculate breakdown time to reduce the production availability % … but either way at 99.7% the plant certainly ran reliably.

    The focus on Scotia …. Simple mathematics, as the open pit gets deeper less waste mining allows more machine time on gold ore so ore production should rise. Efficient drill / blast scheduling is the key to prevent mining delays in narrow cuts. Access issues as the mine footprint tightens can lead to less efficient mining practices thou.

    On OBM … was hoping PNR could out produce them again but can’t see it now, realistically they do have a bigger 1.2m mill but I use them as a benchmark to PNR.

    M&A … given the rising production, the start of Scotia u/g, establishing positive cashflow, the increasing gold price, now is probably the optimum time for a takeover offer prior to this qtr results. Time will tell if there’s any interest.


    Last edited by wassa: 16/04/24
 
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