Petaquilla Minerals Ltd PTQMF

LomPoy PR

[wwadehammer]

Reading the new PR answered some of my questions and confirmed that it is still to early to tell what the real potential is.  Inferred numbers are 1.08 million ounces of gold and 19 million ounces of silver.  The three base metals were not economically worth considering.  Remember, these are inferred numbers, drilling results might confirm/improve the resource but could also reduce them.  We really don't know what we have yet.  The LomPoy resources was not developed in the past because the prices of gold and silver were too low.  Let's hope gold and silver prices hold up.  Assuming it costs $800 to produce an ounces of gold and $10 to produce and ounce of silver at LomPoy, you have a $1.34 billion profit before admin expense and taxes.  Assuming adim and taxes are 50 percent of production profit, you have net profit of $3 per share over the life of the mine.  This seems very good to me.  I'm just guessing on the production costs.  If anyone has a better estimate than $800 and $10 per ounce let us know.