ready to run??, page-8

re: ready to run??takeover maybe Hi Tas,

My comparising with the copper resource of PNA was with Sepon and not with the newer projects of OXR.
But I have to admit that even Sepon has grown in the meantime and that they are now aiming for 100.000 ton and PNA still on 50.000 ton per annum.
Nevertheless PNA has still a lot of copper and hopefully can add to it with more exploration.

In regards to STU , I agree with your hedging and that the puts are a big step in the right direction.
But its always good to be conservative when making valuations.

jojo