Petaquilla Minerals Ltd PTQMF

RE: 2005 scoping study had strong economics

[goldpig]

Granted, this study is 6-7 years old but it does highlight several very positive economics.

The IRR was very high ( 77 % ) and estimated cash costs were very low relative to that period and capex was modest.
Also, they had already conducted  metallurgical recoveries based upon processing test work to date.

Note also that the intent was to expand production to 1 million tons per year which is consistent with gold production of 100,000 oz per year  along with about 2 million oz of silver per year.

At current prices, gross sales would be in excess of $200 million.

The high silver content offers an opportunity for an offtake agreement that would pay for mine and mill construction.
Cambridge was opting for milling the ore which also offers options for recovering the copper and zinc.

This framework shows that the feasability study to be done on LP by PTQ is probably going to have similar robust economics.
I bet that is the message that is being delivered by PTQ in Spain this week.