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Petaquilla Minerals Ltd PTQMF

Metals & Mining Gold
"Petaquilla Minerals Ltd explores for gold in Panama. The Company operates the Molejon gold mine in Panama and owns exploration and development stage projects in Spain and Portugal."


GREY:PTQMF - Post by User

Petaquilla Minerals Ltd
Bullboard Posts
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(1)
•••
Comment by Bobwinson May 08, 2010 8:04pm
262 Views
Post# 17078002

RE: RE: RE: Have your heard? FINANCING is the word

RE: RE: RE: Have your heard? FINANCING is the wordHow do you figure they won't make any money?
Assume cash costs of $600
Gold price of 1100
80,000 oz gross production
59,000 oz net after delivering gold to satisfy loan
59,000 X $500/oz = 29.5million/yr cashflow
29.5/120= .25/yr cashflow X 10 = $2.50
Bullboard Posts
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