PNA has been using 3.30 copper price as an estimate for a while. Effectively what they have done is change the figures to reflect the copper price at the time. So this is not fluffing up the numbers!!!
Copper was 3.30 two days ago. 3.15 today. It is also very volatile and could be 3 or 3.40 by the end of the night. So I'd highlight that the price is close enough to 3.30 not to bother changing the figures from previous announcements, the revenue figures are for a 12 month period (not a week or month) and the outlook for copper prices is very positive.
Very reasonable for PNA to use 3.30 imo.
Stick with it guys...we're on the move from here.
PNA Price at posting:
54.0¢ Sentiment: Buy Disclosure: Not Held