WNARF - Panoramic Resources Is A Good Acquisition Candidate
Introduction
Panoramic Resources (Ticker: PAN in Australia; OTCPK:PANRF) is an Australian mining company with the Savannah nickel-copper-cobalt mine as its flagship asset. After ten years of mining at Savannah, Panoramic put the mine on care and maintenance in 2015 due to the collapse in nickel prices. However, during the downturn, Panoramic developed a new Savannah North Resource that contains higher nickel and cobalt grades than the original Savannah mine. Savannah is poised for a restart as the outlook for nickel prices has improved and significantly higher cobalt prices have enhanced the economic case for