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Panoro (PML.v) announces a PEA for Cotabambas

A hearty hoorah, a gasp, a muttering of 'Mirabile dictu' in the background, the impressively delayed Panoro (PML.v) PEA for its flagship Cotabambas project was finally announced this morning (though we don't get to see the document, that's another 45 days max and via SEDAR). However it must be said, the delay is the only impressive thing about this project. But hey, if you fancy risking one point four billion dollars with economics that...
  • depend largely on 521m tonnes of inferred resource grading 0.29% Cu (at a 0.2% cut off)
  • need copper at U$3.25/lb
  • have you happy about a 14.4% IRR
  • requires the wholesale relocation of the nearby town, or if not its living next to an open pit copper mine instead of its current pretty little bucolic Andean landscape
  • is run by complete bullshitters of the worst Vancouver type

...then don't let me stop you. Though the way PML dropped 23% on outsized volumes today is probably a better indication than anything ever found in IKN. Money talks, BS walks.