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Consensus community valuation
$0.340
Average Intrinsic Value
88.9%
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#High Grade Drilling Results
Added 4 days ago
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#Company Reports/Presentations
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#Company Reports/Presentations
Added a month ago

15-Apr-2020:  Quarterly Report & Appendix 5B

I have a small position in PNR.  Good drilling results at Wagtail - up to 23.9g/t Au (gold).  Pantoro has maintained its strong balance sheet with a cash and gold balance of $27.4 million at March 31;  they remain debt free.  They are well positioned to fund activities at Norseman as the company becomes unhedged at the end of April.  During the March quarter the impact of hedging was approximately the same as exploration expenditure at Norseman.  Once unhedged, Pantoro is well positioned to take full advantage of the current high gold price. 

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#COVID-19 Operating Update
Added 2 months ago

27-Mar-2020:  COVID-19 Operating Update

Business as usual so far for Pantoro, except that instead of FIFO at Halls Creek, they've arranged local accomodation for their workforce, with the extra costs being partially offset by the savings realised by not having to pay for any flights.

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#High Grade Drilling Results
Added a month ago

23-Apr-2020:  Princess Royal/Slippers Drilling Confirms Multiple Ore Zones

Up to 20.37 grams per tonne Gold.  Nice!!  I hold PNR shares.  The NGP is shaping up nicely.

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#High Grade Drilling Results
Added a month ago

17-Apr-2020:  High Grade (Gold) Results from OK Underground Mine Drilling

They're getting some VERY high grades there at the OK mine.  [I hold PNR shares]

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#ASX Announcements
Last edited 3 months ago
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#Company Reports/Presentations
Added 3 months ago

20-Feb-2020:  Pantoro (PNR): RIU Explorers Conference Presentation - February 2020

I do have a small holding in PNR - they are not only explorers and developers, but they are also already gold producers at Halls Creek (100% PNR), and are now developing their 50%-owned Norseman Gold Project (NGP).  Slide 6 shows that they have some of the highest grades of both underground mineral resources and surface (open pit-able) mineral resources of any Australian gold producer, including the big ones.  As long as the geology is friendly and the processing is relatively straightforward, high grades generally translate into lower costs, which means higher profits, so it bodes well for their future.  However, they are very small, so still much higher risk than the bigger companies who have years of production already under their belts.  For that reason, my PNR holding is a lot smaller than my holdings in NST, EVN, SAR and/or SBM.  However, for those with a higher risk appetite, PNR might be worth keeping an eye on.

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#Company Reports/Presentations
Last edited 4 months ago
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#Media
Last edited 4 months ago

23 July 2019:  https://www.livewiremarkets.com/wires/gold-performing-but-pick-stocks-carefully

In that article by David Coates of Bell Potter, published on LivewireMarkets.Com this morning, Pantoro is mentioned as Bell Potter's "Top Pick" in the sector.  They have a 35c price target and a "Buy" call on Pantoro, which closed at 16.5c yesterday.  

Disclosure:  I don't currently hold PNR shares, but I'm watching them closely.

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#ASX Announcements
Added 6 months ago
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#Company Reports/Presentations
Last edited 6 months ago
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