In a recent corporate file interview Pan Australian managing director gave a rundown of the current status of the Phu Kham project.

"We're on budget and on schedule with the Phu Kham project. The total capital cost is about US$232 million, and that includes a contingency," Gary Stafford said.

 Concrete began pouring on site in December. Delivery of mills will be September next year and commissioning is expected to start in the early part of next year, with first ore through the mills in mid-2008. The first concentrate shipment is expected in the second half of 2008.