pna on bloomberg tv

Hi everyone,

The transcipt to the Bloomberg interview - on the asx and pna website - is packed with information some of which the company has made available for the first time. The 11 points that I note are:

1. PNA remains on schedule to pour first gold by March

2. BFS projected A$14m in earnings in this FY at a US$375oz gold price but, this has risen to A$20m at todays gold price

3. A weakening US$ dollar has strengthened the project economics
4. because, capital costs are based in US and the equity which was raised in August/September (2 tranches) was in A$ when the forex was 0.68-0.71 - A$ equity raising now buys approx 10% more US$ dollars
5. because, operating costs are largely in US$ so as the US$ goes down so do the costs
6. because, gold which is a currency rises in value as the US falls in value

7. Preliminary Study EBIT on the Phu Kham Copper Gold Project, which was based on Copper at $1.00lb and gold at US$375zo, DOUBLES at todays prices for copper and gold

8. PNA is generating more targets around Ban Xon, extending the mine life of the gold project, considering a future separate CIL plant at Ban Houayxai and commencing a redrilling programme of 20 drill holes at KTL

10. A number of companies have approached PNA on the basis of a possible takeover as it is trading at a big discount to the value of the assets

11. PNA remains 100% unhedged to the gold price and intends to retain upside to the gold price, going forward