I think the market is simply waiting for an announcement on production costs and will sit on its hands until the details are released. All the good work up until now will have been in vain if the production cost have not been kept in check – no point having an operation that costs more to run than the $$$ it generates. We need this tick on the checklist before the SP will make any significant advance.
For the record, I believe this hurdle will be cleared comfortably by an outfit with a very bright future…
PNA Price at posting:
56.4¢ Sentiment: None Disclosure: Held