I sat in on the Brisbane presentation this morning and whilst...

I sat in on the Brisbane presentation this morning and whilst there probably wasn't anything new said, here is a biref summary.

Gary Stafford started by mentioning the Intersuisse and Huntley reports with buy recommendations and a target price of 45c with an upside of 72c. Bell Potter were also due to put out a report soon.

Phu Bia highlights were:
- Commence pre development work April '04
- Feasibility study complete Jun '04
- Commence plant construction Sept '04
- Commence gold production Mar '05
- Low cost production, doesn't require blasting and minimal conglomeration to recover the gold (?)
- Mine life 5-7 years @ 50,000-70,000 Oz p.a.
- Life of mine cash operating cost of
Phu Kham copper-gold project was seen as the company maker. Preliminary study has been completed with a projected US$130M - US$220M annual revenue for the 10+ year mine life.

He also provided a blurb on how well they care for the local Laos community and a brief overview of Puthep. They aim to be producing 350K+ oz of gold equivalent within the next 4 years and, not surprisingly, he was soiunding upbeat about PNA's future prospects.