Isatas - PDN is not in profit. That is a myth talked up by people who dont understand mining.
Langer Heinrich C1 cost - thats just operating costs day to day - is $31-32/lb.
You then have to add sustaining capital cost, admin, royalties, site rehab, corporate overheads, group exploration, group tenement fees, debt and interest costs. On latest figures that works out at about another $20/lb
SO PDN hits breakeven from Langer Heinrich earnings at about $50/lb - maybe a little more.
Most of the research on PDN doesnt expect it to be in profit until 2017. I think it will be quicker.
But it wont be this year.
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$6.30 |
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Mkt cap ! $2.513B | |||
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