pna's share price situation, page-21

Well our cashflow won't really start to get dented until about Dec (if copper doesn't bounce - gold holding in AUD), then we"ll be so close to 40% gold (assuming no major hiccup with BH), perhaps 50% if poc really spits the dummy for a while.

Enough cash and cashflow to do all we're committed to, plus some imho, so hats off to management for not rushing us a divi.

Still at a stage where Inca de Ora could be slowed, probably at little cost, but then we still have the cashflow, bought it when copper was even lower and I suspect copper will see a 4 again before it would be operating.

My wild guess is we're set to test around USD 6000/tonne, as mid 2010 and in 2007, in which case we've a few more scary falls both with poc and with PNA. But with all the interconnectedness of markets, leverage and momentum players who can really but guess.

Wish I had a decent amount of powder dry, as it really looks like buying season is returning.

Will we hold 240 today?

EL