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Petaquilla Minerals Ltd. (PTQMF)

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Last Post: 4/17/2014 11:14:00 AM - Followers: 94 - Board type: Free - Posts Today: 7


BNN Interview with Petaquilla Minerals CEO Joao Manuel
 (16 OCT 2012)

BNN Interview with Inmet CEO Jochen Tilk (02 NOV 2012)
First Quantum concerence call (07 May 2013)  Check minute 29 of Q&A

As of August 2013
Issued and Outstanding 222,230,161 Corporate Website  
Options 10,385,115 PTQ on Mining Almanac
Warrants1 32,157,600 Corporate Presentation
Finder 3,137,496 NEWS!!!
FULLY DILUTED 268,010,372  
1a small amount is convertible for 1.3 shares per warrant

*This page is maintained by independent investors and is in no way officially affiliated with Petaquilla Minerals.  
Petaquilla Minerals is not responsible for the information contained herein. Information provided by the independent investors  could contain errors.



 

Credit:

Photos of the sites are courtesy of:
- The publisher of a great German investment newsletter.  He visited all 3 sites
- DigiTech Strategy that visited Panama and Spain
- Petaquilla, from their public corporate presentations

Data and some of the photos are from Petaquilla corporate presentations and Sedar fillings

Comments are IMHO and could be wrong

Do your own DD

 

Historical O/S and Market Cap
Issued Fully Diluted Date BoD Control
of Shares
Market
Cap
- - 20071 - $305M
- - 20081 - $35M
120,040,121 162,287,819 2009.12.14 3.7% $80.1M
125,281,951 168,394,447 2010.08.10 11% $51.9M
137,901,951 168,455,160 2010.12.10 12% $157.9M
175,823,251 234,533,916 2011.02.25 12% $205.7M
176,429,501 233,610,366 2011.07.18 12% $127.0M
221,114,726 283,114,152 2011.09.22 12% $158.1M
221,164,726 275,258,295 2011.10.20 12% $143.8M
221,519,593 273,822,716 2012.05.18 12% $75.3M
221,863,781 271,613,114 2012.09.14 12% $149.8M
1 Historic market cap information found at Morningstar.com

Regulatory Filings:

SEDAR (Canada)  |    EDGAR (USA)

Transfer Agent (TA): Computershare - (800) 564-6253 

Quarterly Structure

Quarter Months Report Date
Q1 June - August OCT 15
Q2 September - November JAN 15
Q3 December - February APR 15
Q4 March - May AUG 31
Annual1 All Quarters Combined AUG 31
1 Indicates audited financial statement



 


Petaquilla Minerals Ltd is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and selected acquisitions. The Company operates a surface gold processing plant at its Molejon Gold Project, located in the south central area of its 100% owned 842 square kilometre concession lands in Panama - a region known historically for gold content. The Company received its operating permit from the Government of Panama on November 18th, 2009, authorizing the Company to proceed to commercial production of its 100% owned Molejon deposit. The Company achieved commercial production on January 8th, 2010, after having run its operations at an average of 70% of its normal capacity for a consecutive period of 30 days.


Petaquilla is developing a large project in Spain  and in Portugal (to be updated)

Petaquilla Minerals Ltd. ("PTQ") intends to distribute to its shareholders one share of Panama Development and Infrastructure Ltd. ("PDI") for each four shares of PTQ held on the record date for the distribution.   Distribution of PDI will be effected by way of a Plan of Arrangement or some other tax-efficient mechanism. Transaction is subject to all requisite shareholder and regulatory approvals.   Petaquilla Minerals expects to announce the record date for PDI spin-out by the end of the year.


Projects Location


 







Production Growth







Resource profile


      



                    

                                                                      Spain resource









Historic Au Production and EPS
Quarter Mined (ozs) Poured (Eq-ozs) Sold (Eq-ozs) Realized Price (USD/oz) Cost (USD/oz) EPS
Q1 2011 17,963 10,738 12,390 $1,206 $729 (0.05)
Q2 2011 24,330 15,268 13,320 $1,328 $640 (0.06)
Q3 2011 18,566 12,825 14,064 $1,377 $627 0.01
Q4 2011 25,302 16,735 14,843 $1,472 $525 0.03
FY 2011 86,161 55,566 54,617 $1,348 $625 (0.03)
Q1 2012 33,203 18,014 17,987 $1,508 $554 0.03
Q2 2012 37,056 18,100 16,297 $1,592 $557 0.03
Q3 2012 36,304 14,163 13,040 $1,520 $633 0.02
Q4 2012 31,590 17,725 15,546 $1,617 $612 0.02
FY 2012 138,153 68,002 62,870 $1,640 $574 0.10
Q1 2013 36,713 17,882 17,597 $1,595 $524 0.02
Q2 2013 25,865 20,025 17,905 $1,724 $444 0.01
Q3 2013 22,367 18,013 14,598 $1,647 $637 0.07
Q4 2013            
FY 2013            
NOTE: Values in italics are estimates based on company forecasts or analyst research. 




Molejon Resource estimates
 

Based on the pre-feasibility level design work completed and reviewed, the authors believe there are approximately 15.3 Mt of gold and silver reserves that can be produced averaging 1.30 g/t gold and 2.05 g/t silver and recovering approximately 586,000 ounces of gold and 711,792 ounces of silver. In addition, the pit contains 36.8 Mt of aggregate reserves which should yield approximately 29.4 Mt of saleable aggregate products after crushing and screening.  Behre Dolbear believes that the mine will be able to produce the projected 643,000 ounces of gold and 1,008,693 ounces of silver




 

 


 

    


 

Corporate Organisation





 


 

Latest Financial Performance


                                                     




                                         

 

Forward Gold Purchase Agreement

On September 22, 2010, the Company entered into a Forward Gold Purchase Agreement ("the Agreement") with Deutsche Bank, AG ("Deutsche Bank"), in an amount of $45,000,000. Under the terms of the Agreement, the Company has sold to Duetsche Bank, a Contract Quantity of Gold being 66,650 ounces.

In addition, should the gold price be in excess of $875 per ounce, the Company will receive from Deutsche Bank, an additional gold payment amount equal to the product of the monthly quantity of gold delivered in that month and the amount by which the gold price exceeds $875 per ounce, limited to $415 per ounce.

 


 

Mining Investor's Toolbox:

Mining Valuation for Beginners

In Situ Valuation Calculator

In situ valuation (quick and dirty, doesn't take into account a number of important factors):

  • Buy below 10% of in situ mineral value: (Mineral value * 0.10) / shares outstanding
  • Sell above 40% of in situ mineral value: (Mineral value * 0.40) / shares outstanding

Basic Valuation:  EPS * 10 = Target Price  ... EPS = (revenue - costs) / shares outstanding

Advanced Valuation: DVM's valuation ratio = [stock price x (basic shares outstanding + in the money derivatives assuming exercise + newly issued shares from financing) - working capital - cash from in the money derivatives assuming exercise - cash from newly issued financings + major capital cost items if applicable] / gross profit

Target price = cash flow multiple / DVM's valuation ratio x stock price









 

 


 

Panama Project
 



The project area is located in the District of Donoso, Province of Colon, approximately 100 kilometers west of the Panama Canal on the Caribbean Coast. Petaquilla Minerals' land holdings are situated in the perfect position to ship concentrate at low cost to Europe, Asia, and North America. 

The combined project area comprises 795 sq km on tide line. The plant site and open pit is serviced by a new road built to a 70-tonne specification.

Project tenure is secured by 'Ley Petaquilla', a project specific mining law that gives the two companies secure ownership, in three renewable phases, for a total of sixty years. 







 
 

                                                         Petaquilla Projects                                                                                       First Quantum Project







Molejon Aerial view


 






Molejon Mine Mill Layout















            

 

                                                                                                             PDI office at the Molejon mine entrance                                            Heap Leach Pads on the left.  Molejon mine pit in the background





            


Heap Leach Pads  The large one is being loaded                                                                     Loading of the main Heap Leach pad



                      



The heap leach Process
  




                            
      

                                                                    Loading of the main Heap Leach pad                                                                                                             Molejon Mine Tailings


 

          


 

                                                       PDI crushers for aggregate                                                                                                                                     The 4 ball mills


 



FQ By-pass road contruction
The road will go to the FQ mine and to the new Caribbean port 30km away





FQ by-pass road construction behind Molejon mine


 









Petaquilla Spain Project


     



                                                                                                                     Petaquilla mines and  neigbours                                                                                                              Spain Pyrite belt




 

                  

 

                                                                                                                                          Lomero Poyatos head shaft                                 San Telmo open pit mine (to be drained)



 



Lomero Poyatos property  (on the left is San Telmo)






 

 


Lomero Poyatos underground view  



     

Phase 2 of the drilling campain. 
16,000 meters using 5 drilling rigs 24/7



 





Petaquilla Portugal Project









 


Almada Mining SA in Portugal.

Almada Mining SA is located in Portugal and is 100% owned by Petaquilla Mineral.

The Bania mine is on 5.12 km2 land and the total exploration rights area of the Banias project is 117km2.

This area was mined during the Roman empire. No resource estimate has been done but samples from the mine yielded as much as 523gr of gold per ton. Of course the average will be a lot lower than that (around 5 to 10 g/t) but most of it is "free" gold so no need for a mill. A bunch of shaking tables will do it.

18 holes over 5,000 meters are being drilled to get a resource estimate.

The mine is approved for a trial period of 150,000 tons a year for 3 years. Yes, get you calculator and use 10gr per ton just for fun.

Capex is about $5M and the mine could be in production 9 to 12 months from now. One nice thing is that there is no need to dewater the mine.


The company has another project in Portugal it is the Jales project 120km away. I do not have a lot of data about that one. Bania is the one to concentrate on right now.

Here are a few pictures of the mine



 

                                                         



Almada Mine entrance                                                          Almada mine location





   



Samples showing "free" gold



         

Storage of cores from drilling



                                  





Visible gold inside the mine





 


DISCLAIMER:  Opinions expressed on this board are only people's opinions. Neither I, nor any moderator or assistant of this board, is a licensed broker. Trading strategies discussed on this board may be high risk and not suitable for everyone. Only YOU are responsible for your gains or losses in the market. DO YOUR OWN DUE DILIGENCE before buying or selling ANY SECURITY.

PostSubject
#24694   The only thing that's gonna move the SP jalbiglog1 04/17/14 11:27:10 AM
#24693   maybe we;ve been too hard on her,its blowing ratherbefishin 04/17/14 11:14:00 AM
#24692   What else would you expect from a company jalbiglog1 04/17/14 10:35:46 AM
#24691   You can always count on Mkjiii to come ratherbefishin 04/17/14 09:55:21 AM
#24690   An absolute unqualified disaster made by management, not jalbiglog1 04/17/14 09:49:48 AM
#24689   You don't need to speak three or four ratherbefishin 04/17/14 09:30:13 AM
#24688   Must be another personal attack, TROLL ALERT! mjkiii 04/17/14 06:24:58 AM
#24687   ''you have PMC who is agenda driven''-ABSOLUTELY I ratherbefishin 04/16/14 06:14:09 PM
#24684   For the guy who speaks three languages- my VBgood 04/16/14 03:44:26 PM
#24682   And that is exactly why MJK won’t VBgood 04/16/14 02:48:22 PM
#24680   Isn't the definition of insanity when you say jalbiglog1 04/16/14 02:21:51 PM
#24678   It's comical to read his silly posts. One jalbiglog1 04/16/14 01:20:53 PM
#24677   WHAT is she on now?[maybe we should be ratherbefishin 04/16/14 11:06:31 AM
#24676   Badge792 you are out in left field. mjkiii 04/16/14 11:03:57 AM
#24675   heads should have rolled a long time ago-I ratherbefishin 04/16/14 11:00:30 AM
#24674   I AGREE TOO! HEADS SHOULD ROLL OVER THIS. likethesun 04/16/14 10:19:54 AM
#24673   Agreed. badge792 04/16/14 09:52:51 AM
#24672   I put the blame solely on management,PTQ isn't ratherbefishin 04/16/14 09:49:42 AM
#24671   This stock is definitely not for the faint badge792 04/16/14 09:20:32 AM
#24670   No longer with us...it's interesting to go back ratherbefishin 04/16/14 08:55:00 AM
#24669   so now mkjiii is reduced to hoping for ratherbefishin 04/15/14 07:36:07 PM
#24668   Wonderful day in the neighborhood! mjkiii 04/15/14 06:04:44 PM
#24667   The shareprice's slow but steady slide is ratherbefishin 04/15/14 11:06:20 AM
#24666   Jay, I guess you could be right about jalbiglog1 04/15/14 09:46:45 AM
#24665   JayWalker, I know you had good intentions. mjkiii 04/14/14 06:20:59 PM
#24664   Thanks VB. What I heard was PTQ JayWalker 04/14/14 06:08:45 PM
#24659   and remember when some exuberant rah rah boy* ratherbefishin 04/14/14 12:13:58 PM
#24658   LTS, it's gone from a sure thing to jalbiglog1 04/14/14 11:29:37 AM
#24657   VB, hope springs eternal, huh? likethesun 04/14/14 11:19:34 AM
#24656   They really should change the name of the badge792 04/14/14 09:48:50 AM
#24655   If it's not tomorrow, then next quarter, then jalbiglog1 04/14/14 09:37:50 AM
#24654   Jay, I can not confirm that . It VBgood 04/14/14 08:08:17 AM
#24653   Tomorrow eh...... badge792 04/13/14 11:37:38 PM
#24652   MJ there is a reason I didn't ask you. JayWalker 04/13/14 10:48:08 PM
#24651   JayWalker, feel your pain and uncertainty. mjkiii 04/13/14 03:42:22 PM
#24650   What are they mining?-what they have always mined- ratherbefishin 04/13/14 09:50:46 AM
#24649   How come that news wouldn't come as a jalbiglog1 04/13/14 09:32:07 AM
#24648   VB, with your panamanian friends can you see JayWalker 04/12/14 11:41:56 PM
#24647   I am with you bonefish. VBgood 04/12/14 11:04:25 PM
#24646   mjkiii, bonefishman 04/12/14 09:51:37 PM
#24645   well,its not ALL bad.....I can certainly use the ratherbefishin 04/12/14 03:51:36 PM
#24644   I think you've summed it up rather well, jalbiglog1 04/12/14 02:42:08 PM
#24643   as far as I can see the only ratherbefishin 04/12/14 01:38:37 PM
#24642   He can say nothing to refute it, because jalbiglog1 04/12/14 12:02:53 PM
#24641   Actually,there has been NOTHING "positive"about this company right ratherbefishin 04/12/14 10:23:07 AM
#24640   "Then I think maybe there is some new jalbiglog1 04/12/14 09:29:23 AM
#24639   Thanks for kind words. mjkiii 04/12/14 07:04:32 AM
#24638   Actually I give Mkjiii full credit,she's doing ratherbefishin 04/11/14 01:34:22 PM
#24637   Dear mjkiii, bonefishman 04/11/14 11:57:09 AM
#24636   he's the ''smoke and mirrors''man.....unfortionately it doesn't make ratherbefishin 04/11/14 11:03:28 AM
PostSubject