Petaquilla Minerals Ltd PTQMF

RE: How much downside

[wwadehammer]

Mine life is currently only five years, lots of drilling going on for last three years in Panama but nothing major found.  If nothing else major found in Panama, and those inferred numbers in Spain don't pan out,  the SP could stall out where it's at now.  Heap-Leach production will be important and people who have much more knowledge on that issue and have inside contacts in Panama say we're ok on heap-leach.  No one believes the Red-Kite deal will not get done.  I suppose gold prices could tank but I don't believe anybody on this board believes that will happen long term.  Overall, when you include PDI, and the chance of a buyout, there is much much more upside than downside.