Thanks for yr input ,always appreciated.Iwent to a mining lunch in Sydney about 4 months ago or so where Gary Stafford spoke and asked the question if PNA had forward sold any production .Apparently not, yet when I look at the Credit Suisse presentation,they are talking spot sales contracts about 30 % of production till 2010,so at what prices are they selling the other 70%.
Iam wondering if their future free cash flow is being effected by the above.In the same report production to the end of August is 9000 t copper 11900 oz of Au and 59000 oz of Ag so that appears to be on target.
Cheers,safe trading
PNA Price at posting:
32.7¢ Sentiment: LT Buy Disclosure: Not Held
