Isatas - PDN is not in profit. That is a myth talked up by...

  1. 9,820 Posts.
    lightbulb Created with Sketch. 3497
    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.
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
watchlist Created with Sketch. Add PDN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.