PAN 0.00% 3.5¢ panoramic resources limited

price taget raised to $0.50, page-8

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    further as per CS report, for FY2014 - assumptions/forecasts

    US$ NI price - US$6.58/lb
    FX rate - $0.91
    A$ Ni price - A$7.23/lb

    PAN net cash balance increases by c$10M

    following year (FY2015) net cash balance $66M
 
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