The market is not confident in PALs ability to satisfy its LT debt obligations. Right now opening a long position is risky and highly dependent on PD price and realization of measured reserves. If the open pit start turning out grading of 3gm/ton, cost per ton continues to drop and PD moves north of 800 then we'll see pps increase; likely to see a sharp increase if all the above is reported in next 10Q.
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