Petaquilla Minerals Ltd PTQMF

RE: LP open pit feasability

[ajootian]

Goldpig, first of all, I sincerely want to thank you for your insightful and informative contributions here.

Regarding the feasibility of utilizing an open pit, in page 3 of the 43-101 report, Dolbear comments that that approach does not look practical due to the depth (> 250 m) and huge waste to ore ratio (> 50:1).  Curious what your thoughts are on that comment.

If they go the underground route, that would result in 830K ozs. of gold (per the Gemcon '11 study), which does not appear large enough to warrant the likely large expense that such a project would entail.  Obviously they plan to do more exploration to expand the resource.  My question is, what, in your opinion, would be the minimum amount of ozs. they would need to discover in order to make an underground mine feasible?