re: Ann: MMW: PAN: Anglo Pacific Accepts into...
According to PAN's latest Quarterly report (23 April), the overall average "Payable cash costs" across PAN's mines is A$5.98/lb NI (after royalties).
PAN's April report also noted increased production beyond target, which creates more cash flow -- rather like companies in a low margin undifferentiated business succeed through volume, thereby spreading out fixed costs.
So, PAN has some wiggle room, but better if Ni kicks back up to $9-$10 range.
PAN Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
