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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 jsnfernleyon Sep 26, 2012 4:59pm
199 Views
Post# 20417686

RE: 43-101 for Bojita on Sedar

RE: 43-101 for Bojita on Sedar

Now take those the Botija Abajo numbers (milling option only) and plug them into Inmet's cost structure, this ore is much more profitable (cash flow) for them.

Assuming Inmet's recovery parameters apply:

Cu=43m #'s at cash profit of $2.3/#=$99m

Au=44k oz Au at $1,600/oz=$71m additional by product credits (cash)

That works out to about $.76/PTQ share before options/warrants.  Botija Abajo's Au grade is at least 7 times, and the Cu grade is at least 15% better than the combined Cobre Panama grades. 

Inmet's web site has presentations on Cobre Panama, additionally there were I&I resources on both Botija Abajo and Brazo with grades comparable to the overall project in the tech study filed 5/5/10 on Sedar for Inmet.  They still think it's all theirs.

It will be interesting to see what the Oro del Norte numbers come in at, and which zone they're on.  Inmet's pipeline needs major portions of OdN Zone 1, and the power transmission line needs major portions of OdN Zone 2.  Both travel through the Experanza concession as well.  Palmillo is too far to the west to hinder Inmet.

The plot thickens.

 

Bullboard Posts