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Petaquilla Minerals Ltd PTQMF

"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

Bullboard Posts
Comment by Bobwinson Aug 20, 2010 12:33pm
280 Views
Post# 17369268

RE: RE: rough number crunching

RE: RE: rough number crunchingBig selldown today.  -.045 to C$.455.  Bought a few more.  I think the worst is definitely over but the positive news will take time.  We have averted bankruptcy but need to prove that we are profitably producing 70 to 80,000 oz/yr.  The annual report may not answer all questions as the mill/mine is still in the rampup stage but hopefully will show PTQ is headed in the right direction.  There is no doubt in my mind that once we prove up our production, the shares will go much higher.  Comparable producers are valued at 3X current share price.  As the gold rally continues, investors will look for bargain priced producers.  PTQ is definitely in that category.  
Bullboard Posts