GREY:PTQMF - Post by User
Post by
onatangenton Nov 06, 2012 12:24am
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Post# 20565791
Does Petaquilla own all the gold in the Cobre Pana
Does Petaquilla own all the gold in the Cobre Pana According to a report by Zacks (https://www.zacks.com/stock/news/86064/inmets-new-offer-for-petaquilla-inadequate-zacks-raises-target-price-again) there is a chance it does. To wit;
The Botija Abajo deposit contains zones of low-grade gold mineralization with an in situ value greater
than the value of the copper. If other deposits in the Cerro Petaquilla Concession exhibit the same
characteristic, by contract, those gold deposits will no longer be under the purview of Cobre Panama but
rather will become mineable assets of Petaquilla Minerals. The new reserve and resource estimates have
been included into our valuation model.
Can you see any weaknesses in this argument?