river fish kill announcement..., page-7

Lets be honest. PNA is hanging on a thread at the moment. And the thread is the copper-gold feasibility result.

PNA market cap is $160 + $20 for new placement =$180 million. This is not a penny dreadful. A handy amount of value is already assumed for the copper-gold project.

The copper-gold feasibility is going to have to at least match the expectation ALREADY built into the share price.

There is not going to be any good news from the gold project for at least several months, if not more - the first gold pour is not the issue - its seeing full production rates and good gold recovery. So far the goldproject has given people a reason to sell PNA, not to buy.

Yes nice exploration results would be handy but banking on that is a bit of a last resort when we are dealing with a $160m company.

So will the copper-gold feasibility meet expectations?
Time will only tell.


acturtle