I agree with HT and El, better suited to OZL if Hillside is a viable deposit.
PNA would be producing in excess of $250m pa of fcf at current poc,pog but they are better off focusing on brownfields around PK.
One competitive advantage of PNA is they have experience in dealing in Laos so I am quite happy to see them focus on developing in this country. Even Inca considering the size and share PNA had could of been a distraction IMO -though I understand it was a beach head into Chile and Codelco's unwanted projects.
GRAM have been very patient investors to date they haven't shown any propensity to push management towards faster/riskier growth (that we are aware of anyway).
PNA Price at posting:
$2.40 Sentiment: LT Buy Disclosure: Held
