Petaquilla Minerals Ltd PTQMF

RE: RE: RE: RE: RE: Here we go...

[wwadehammer]

PTQ is obviously moving ahead on Lom Poy without the Red Kite financing.  That indicates that aggregate sales to FQ have kick in and that coupled with Mojolon production and some small bridge financing mentioned in the last MD&As are enough to keep them going for now.  Oullins mentioned costs to build the ramp and drain the water but I don't remember what that was but it was not a hugh amount.  I guess then you shore up the tunnels you use get to the ore you want, buy equipment to dig it out and get the shipping containers to the railroad.  Once you get that process started (oullins mentioned start of shipments in eight to eleven months) you get a lot more cash flow from the mill at mojolon at 7.5 gpt of gold and 88 gpt of silver per the 1,000 tons per day they plan to ship.  If they can pay there way in-house to the shipping point, why borrow more money.