PDN is in care and maintenance for goodness sake. But if you go...

PDN is in care and maintenance for goodness sake. But if you go back in time before mining curtailment (not start of C&M where the were precessing stockpiles), you will see an all-in cost (and I mean all in, including the tea lady) of no more than $35/lb. I recall $30/lb but not 100% sure. Look it up for yourself, the info is all there. That is very good for an open pit operation and puts PEN's costs into perspective. Of course PDN collapsed because of massive debt and crap sales contracts. But the re-born Paladin, with existing plant(s) and known technical success offers far less risk than PEN - assuming they can get decent LT contracts this time around. DYL offers similar promise for reasons that are patently obvious to intelligent people. 

If you're going to walk in swinging mate, get some basic facts right. The mine is Langer Heinrich. 

PEN is a fully developed project stevenlalaland. Problem is their recovery/production predictions were wrong. In 10 years time, when (if) PEN is still producing well below original nameplate, are you going to claim they are still in the development phase.  

What matters to me is being right when it comes to investment analysis and any decisions that emanate from this analysis. I don't care about being "better" - what ever the hell that means. Better at losing money? Better than holding on to a poor performing investment? So far, stevielala I've been right and Tribeca haven't (several others as well). As far as technical (metallurgy not stock analysis) analysis is concerned, I'll back myself against any of the so-called experts in fund management companies any day of the week. The only advantage they may have is access to more data than I. But that doesn't seem to be helping them much.