Going on the Sep Qtr Report with Net Operating earnings of $2.6...

Going on the Sep Qtr Report with Net Operating earnings of $2.6 Million after all costs and that would be at much higher prices of copper then $1.86 displayed on Kitco.com today.

How can PNA justify a market cap of $360 MILLION if annual net earnings are only in the $10 Million range? And what’s worse is that the debt of $360 Million AUD was barely touched.

There is no reason to be buying PNA now at 20c going on this very ordinary sep qtr report to say the least. People should really think long and hard about investing in PNA or you are just throwing your money away.

A very disappointing report, I was warning many people, hope some listened. 1.4 Billion shares on issue and a very marginal net prfoit ($2.6million sep qtr) spells trouble.