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If there was a "Like" button on this site, this message would definitely get one from me! Saludos DIGI
Loji knows...
Super 5!!!!
Lmao!!!! Hey, you still have the same email??
PRESS DIGEST-Canada-March 13
* First Quantum Minerals Ltd has gained control of Inmet Mining Corp after a drawn-out hostile bid, charting a course to the major leagues of copper mining as it takes on the massive Cobre Panama project.
Esa si que te quedo buena bro!! Tienes a to mundo vuelto loco en esta pagina....jajaja!! Saludos
Whatch it Peta, you might get deleted by Savlo. He/She would prefer .05 instead...lol! Just kidding Savloderator, i like you actually...Morning to all!
VANCOUVER, BRITISH COLUMBIA--(Marketwire -03/05/12)- Further to its news release of earlier today, Petaquilla Minerals Ltd. (TSX: PTQ.TO - News)(OTC.BB: PTQMF.OB - News)(Frankfurt: P7Z.F - News) ("Petaquilla" or the "Company") announces a clarification to its Convertible Loan Agreement (the "Loan Agreement") and a Forward Silver Purchase Agreement (the "Silver Agreement") with Deutsche Bank, AG, London Branch ("Deutsche Bank").
As mentioned, the combined facilities will be used to (i) complete the expansion of Petaquilla's Molejon gold plant (e.g. the addition of a fourth ball mill, two leach tanks, two CIP tanks, and mining and crushing equipment); (ii) fully redeem the outstanding balance of the Company's Notes and Convertible Notes; and (iii) fund drilling, development and construction costs of the Company's concessions in Spain and Portugal.
The original news release stated the CAD$6,000,000 Loan Agreement and US$11.3 million Silver Agreement, together with the gold prepayment agreement signed with Deutsche Bank in 2010, will be secured by all of the assets of the Company and its subsidiaries. It should be noted that Iberian Resources Corp. ("Iberian"), the Company's subsidiary holding concessions in Spain and Portugal, benefits from a collateral release clause under the agreements. The effect of the release clause is to discharge Iberian as a guarantor and from all obligations upon its repayment of CAD$4,577,750 to Petaquilla, its parent company, of the Loan Agreement and Silver Agreement proceeds that are being provided to Iberian.
I'll let MJ answer that...
You know it!!
November 9, 2011
Petaquilla Minerals Ltd. Commences On/Off Leach Operations
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that, as part of the Company's focus to continue to increase production at its Molejon gold mine, it initiated its on/off leach operation in the third week of September 2011.
The Company's on/off leach operation target for its current second quarter (September 1, 2011, to November 30, 2011) is to reach 2,500 gold ounces contained in ore on the pad for future extraction. Petaquilla has achieved 50% of the target, thus far, and anticipates meeting its target within the next nine days.
The capacity of this first leach pad is 40,000 tonnes of ore. Prior to the end of this month, the Company will complete a second much larger leach pad with a capacity of 300,000 tonnes of ore. Combined, Petaquilla anticipates that the ore on the two leach pads will contain 17,000 gold ounces by the end of the third quarter of this fiscal year.
The Company anticipates reaching 70% recovery from the first leach pad in the next 60 days while simultaneously replacing ore for the next round of leaching, expected to have the same recovery results. Phases will overlap to ensure continuous extraction.
About Petaquilla Minerals Ltd. - Petaquilla is a growing, diversified gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select 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. In addition, the Company has acquired 100% of the Lomero-Poyatos project located in the northeast part of the Spanish/Portuguese (Iberian) Pyrite Belt and several other exploration licenses in Iberia.
Disclaimer. This press release includes forward-looking statements. All statements, other than statements of historical fact, contained in this news release, including, but not limited to, statements regarding future financial results, market assumptions, the estimation of mineral resources and the realization of mineral resource estimates, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Petaquilla's control that would cause the actual results, performance or achievements of Petaquilla to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions, Petaquilla's present and future business strategies and the environment in which Petaquilla will operate in the future. Any forward-looking statements speak only as at the date of this document. Petaquilla expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in Petaquilla's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, except to the extent required by applicable law. As a result of these factors, the events described in the forward-looking statements in this press release may not occur either partially or at all.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Richard Fifer, Executive Chairman
No stock exchange has approved or disapproved the information contained herein.
MJ, you still got your email. Got some Interesting rumor...cant post it here cause you know how it is!
Another low blow! Im on this board for fun but Ive learned for sure not to post any more "rumors" again...as a matter of a fact, you wont be hearing from me again Loji.
BTW, offer was rejected by ptq. That will put a stop to that high spinning tale...adios my friends
Stay cool!!
LOL!!!!!!! VBGood, you and this breakfast made my monday morning!!!
Good one!
I think it's your last guess perhaps? For the record, I have said nothing!! Your good loj!
Geico, if the rumors you heard are the same as mine, we are gonna be blown the fck away!!! I promised I wouldn't say anything...I would post it but am afraid they will know who I am so, sorry guys, you'll just have to wait, but not that long...the only public comment I could say is, that I wish I had more free cash so I could buy a little more.
Saludos a todos!!
Buckle up for some really good PR coming soon!!! Good weekend to all...
wink wink!!
Maybe...
I sent it to anski and rodriguez by email, maybe they can do a better job at posting it...thx loj
www.petaquilla.com
June 2011
Forecast 2011-2019
The statements contained in this presentation that are not purely historical are forward-looking statements. Forward-looking
statements may relate to the success of any of the Company's strategic initiatives, the Company's expectations, beliefs, growth
and future prospects, and the Company's position in the market and future opportunities therein. Forward-looking statements
may also include, without limitation, any express or implied statement relating to future events, industry performance, general
business and economic conditions or circumstances, regulatory and legal requirements, and other matters, many of which are
beyond the control of the Company. Forward-looking statements involve risks and uncertainties, which could cause actual results
to differ materially from those projected. All forward-looking statements included in this presentation are based upon information
available to the Company as of the date hereof and the Company does not undertake any obligations to update forward-looking
statements should circumstances or management's beliefs or opinions change.
Petaquilla Minerals Ltd.
(the “Company”)
FORWARD LOOKING STATEMENTS
3
4
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Volume (th’s Au oz) 53 124 152 210 264 315 316 316 316
Silver Volume (th’s Ag oz) 64 149 327 751 1,284 1,794 1,804 1,804 1,804
Revenues(M USD) 79 193 324 429 384 463 464 449 449
EBITDA (M USD) 39 99 192 261 214 264 265 253 253
Net Income (M USD) 32 83 156 175 134 167 168 159 159
EPS * 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
FCFPS* 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
* Not: Assuming 218.6 million common shares post-merger. These figures are unlevered figures.
Summary (1,250 USD/Au oz; 30 USD/Ag oz)
Share Price (USD) 0.70
Fully Diluted S/O (Post-merger) 283
Market Cap (M USD) 124
NAV @ 5% (M USD) $903
NAV/share $3.19
% Upside 355.1%
SUMMARY
Main design assumptions: Gold price: 1,250 USD/Au oz and Silver price: 30 USD/Ag oz
NAV Sensitivity (% Upside from Current Share price)
Gold Price (USD/ Au oz)
Disc. rate 900 1,100 1,300 1,500 1,600 2,000
0.0% 227% 395% 554% 702% 776% 1073%
5.0% 137% 264% 385% 496% 551% 772%
7.5% 103% 215% 321% 418% 466% 659%
10.0% 75% 174% 268% 352% 395% 565%
15.0% 31% 110% 184% 251% 284% 417%
5
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Price [$/oz] 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250
Silver price [$/0z] 30 30 30 30 30 30 30 30 30
Gold Volume (000's Au oz)
from Molejon (*1) 53 124 136 154 154 154 154 154 154
from Lomero-Poyatos 0 0 16 57 110 161 162 162 162
Total Volume (000's Au oz) 53 124 152 210 264 315 316 316 316
Less DB ('000's Au oz) 8 16 18 13 8 0 0 0 0
Silver Volume (000's Ag oz)
from Molejon(*2) 64 149 163 184 184 184 184 184 184
from Lomero-Poyatos 0 0 163 567 1,100 1,610 1,620 1,620 1,620
Total Volume (000's Ag oz) 64 149 327 751 1,280 1,794 1,804 1,804 1,804
DB price participation 3 6 7 5 3 0 0 0 0
Gold Revenues 59 141 175 251 322 393 395 395 395
Silver Revenues 2 4 10 23 39 54 54 54 54
Aggregate Revenues 15 42 133 150 20 16 16 0 0
Total Revenues (M USD) 79 193 324 429 384 463 464 449 449
REVENUES
* Note
* Note: 2011-2013 Molejon Au production by fiscal Quarter
6,000
7,000
8,000
9,000
10,000
11,000
12,000
15,000
20,000
25,000
30,000
35,000
40,000
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Quarterly production [Au oz] Monthly average Au prodcution rate
• Moving from a 100k to a 300k Au oz per
year gold producer in the mid-term.
• Once fully developed, New Lomero-
Poyatos asset will contribute with more
than 150k Au oz and 1.6M Ag oz per
year.
• New horizontal CIC
• New drum scrubber
• Commercial Heap leach startup
• New Leaching Tanks: #7 y #8
• New CIP Tanks: #7 y #8
• 4th Mill (*1) Molejon production includes additional resources from surrounding deposits to the Molejon pit and not
incorporated in the NI 43-101.(*2) Conservative estimation based on Fiscal 4Q 2011.
6
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Cash Cost
Gold guidance mid-point ($/ Au oz) 575 575 575 575 575 575 575 575 575
Aggregate cost 4 11 31 33 5 4 4 0 0
COGS 34 82 118 154 157 185 186 182 182
Gross Profit (M USD) 45 111 206 275 227 278 279 267 267
D&A 7 16 20 27 34 41 41 41 41
SG&A 6 12 14 14 14 14 14 14 14
D&A +SG&A as % of Revenues 16.3% 14.6% 10.3% 9.7% 12.5% 11.9% 11.9% 12.3% 12.3%
EBITDA (M USD) 39 99 192 261 214 264 265 253 253
EBIT 32 83 173 233 179 223 224 212 212
Taxes 0 0 17 58 45 56 56 53 53
Tax Rate 0.0% 0.0% 9.7% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%
Unlevered Net Income (M USD) 32 83 156 175 134 167 168 159 159
EPS * 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
PRODUCTION & ADMIN. COSTS
* Assumption: 218.6 million common shares post-merger
• Conservative flat Cash cost approach. Increase in production as well as
heap leach operation will reduce Cash cost to the low band of the range.
Cash cost / Au oz: 550 USD – 600 USD (575 USD/Au oz guidance mid-point)
• Depreciation & Amort. rate based on production rates
• SG&A includes Corporate expenses and CSR (Current + 1% EBIT from 2013 onwards)
• Tax benefits from Law #9 (Panama).
7
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Unlevered Net Income 32 83 156 175 133 165 166 157 157
D&A 7 16 20 27 34 41 41 41 41
Sustaining Capex & Exploration -5 -10 -10 -10 -10 -10 -8 -6 -6
Capex:Molejon plant expansion (*1) -4.7
Capex to Develop Lomero-Poyatos -80 -20 -30 -30
Debt repayment (*2) -10 5 5 5
Unlevered Free Cash Flow (M USD) 19 4 141 158 129 198 201 194 194
UFCPS * 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
INVESTMENTS: CAPEX
* Assumption: 218.6 million common shares post-merger
• 5 M USD/year Sustaining Capex (tailings, heap leach pad construction)
• 5 M USD/year for Exploration
• Debt repayment includes remaining Notes and A/P reduction.
• Capex to develop Lomero-Poyatos:
• 80 M USD from Convertible bonds
• 80 M USD from Operating cashflow
(*1) This amount will be financed through a leasing facility (*2) This figure doesn’t include any ifnancial leasing repayment as it corresponds to an Unlevered FCF.
8
Mid-tier Gold Producers
Source: Canaccord Flash Update report 19 May 2011 and Company’s forecast.
396
350
319
289
262
219
197
178
164
160
135
129
114
Gammon Gold
Northgate
Minerals
Allied Nevada
Golden Star
Aura Minerals
Alamos Gold
Avion Gold
Minefinders
Lake Shore Gold
PTQ
Minera Andes
Primero Mining
Endeavour
3,270
1,675
1,672
1,367
1,026
826
693
678
637
558
414
259
124
Allied Nevada
Gammon Gold
Alamos Gold
Lake Shore
Gold
Minefinders
Northgate
Minerals
Golden Star
Minera Andes
Aura Minerals
Avion Gold
Primero Mining
Endeavour
PTQ
19%
33%
63%
-8%
13%
22%
40%
5%
14%
41%
7%
5%
116%
986
760
707
672
670
575
517
500
473
443
410
409
382
Golden Star
Aura Minerals
Northgate
Minerals
Endeavour
Avion Gold
PTQ
Minefinders
Lake Shore Gold
Allied Nevada
Gammon Gold
Primero Mining
Alamos Gold
Minera Andes
7
4
3.6
3.3
3.3
3
2.8
2.3
2.1
1.4
1.3
0.9
Allied
Nevada
Golden Star
Gammon
Gold
Northgate
Minerals
Primero
Mining
Lake Shore
Gold
PTQ
Minefinders
Alamos Gold
Endeavour
Minera
Andes
Aura
Minerals
Market Cap. (US$ M) Target annual Production
by 2013 (th’s Au oz)
CAGR Production
2011 -2013
Weighted Avg. Cash
cost US$/ Au oz 2011-13
Attributable Reserves
(M Au oz)
Market Capitalization as at May 18th 2011.. PTQ’s production figure is on a Au
equivalent basis assuming Ag price of 30
US$/Ag oz and 1,250. US$/Au oz.
Production/cash cost figure for Alamos
Gold is on an Au equivalent/co-product
basis. All estimates are based on Au/Ag
production and by-product cash cost
CAGR: Compound
Annual Growth Rate
Estimated recoverable life-of-mine
production including expected
additions.PTQ’s figure assumes a 60%
transformation into Au oz Eq. Reserves
of Lomero-Poyato’s Resources.
9
Inputs
Disc. Rate 5.0%
DB Floor 875
DB CAP 1,290
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Price 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250
Silver price 30 30 30 30 30 30 30 30 30
Volume (000's Au oz)
from Molejon 53 124 136 154 154 154 154 154 154
from Lomero-Poyatos 0 0 16 57 110 161 162 162 162
from Portugal
Total Volume (000's Au oz) 53 124 152 210 264 315 316 316 316
Less DB ('000's Au oz) 8 16 18 13 8 0 0 0 0
Volume (000's Ag oz)
from Molejon 64 149 163 184 184 184 184 184 184
from Lomero-Poyatos 0 0 163 567 1,100 1,610 1,620 1,620 1,620
Total Volume (000's Au oz) 64 149 327 751 1,284 1,794 1,804 1,804 1,804
DB price participation 3 6 7 5 3 0 0 0 0
Gold Revenues 59 141 175 251 322 393 395 395 395
Silver Revenues 2 4 10 23 39 54 54 54 54
Aggregate Revenues 15 42 133 150 20 16 16 0 0
Total Revenues (M$) 79 193 324 429 384 463 464 449 449
Cash Costs
Gold guidance mid-point ($/ Au oz) 575 575 575 575 575 575 575 575 575
Aggregate cost 4 11 31 33 5 4 4 0 0
COGS 34 82 118 154 157 185 186 182 182
Gross Profit 45 111 206 275 227 278 279 267 267
DD&A 7 16 20 27 34 41 41 41 41
SG&A 6 12 14 14 14 14 14 14 14
% of Revenues 16.3% 14.6% 10.3% 9.7% 12.5% 11.9% 11.9% 12.3% 12.3%
EBITDA 39 99 192 261 214 264 265 253 253
EBIT 32 83 173 233 179 223 224 212 212
Taxes 0 0 -17 -58 -45 -56 -56 -53 -53
Tax Rate 0.0% 0.0% 9.6% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%
Unlevered Net Income 32 83 156 175 134 167 168 159 159
D&A 6.9 16.2 19.8 27.3 34.3 40.9 41.0 41.0 41.0
Sustaining Capex + Exploration -5 -10 -10 -10 -10 -10 -8 -6 -6
Capex: Molejon plan expansion -4.7
Capex to develop Lomero-Poyatos -80 -20 -30 -30
Debt repayment -10 -5 -5 -5
Unlevered Free Cash Flow 19 4 141 158 129 198 201 194 194
Interest 0 0 0 0 0 0 0 0 0
EBT 32 83 173 233 179 223 224 212 212
Taxes 0 0 -17 -58 -45 -56 -56 -53 -53
Levered Net Income 32 83 156 175 134 167 168 159 159
Levered Free Cash Flow 19 4 141 158 129 198 201 194 194
Dividends 0 0 0 0 0 0 0 0 0
Debt 0 0 0 0 0 0 0 0 0
Cash 0 4 145 302 431 629 830 1,024 1,218
Shares Outstanding Post-meger 218.6 219 219 219 219 219 219 219 219
EPS 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
FCFS 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
Notes:
1. DB floor and DB Cap: Floor and Cap price of the Prepaid Forward
Gold Purchase Agreement with Deutsche Bank.
2. Design prices for Gold and Silver
3. Production from Portuguese concession has not been considered.
4. Gold of the Prepaid Forward Gold Purchase Agreement with
Deutsche Bank have been subtracted.
5. Price participation from of the Prepaid Forward Gold Purchase
Agreement with Deutsche Bank which is reimbursed to PTQ has
been taken into account.
6. Aggregate Revenues refers to the construction aggregate produced
from the waste mined and sold to third parties.
7. Silver production cost is included in the gold production cost.
8. Aggregate production has been taken into account.
9. Depreciation and Amort. have been estimated based on 3Q 2011
and proportional to the production rates.
10. Taxes reflect the tax shield of Law 9 of the Republic of Panama.
Tax rate from Lomero-Poyato’s production has been considered as
25% of EBIT. This estimation does not take into account potential
tax benefits.
11. Sustaining Capex + Exploration from year 2017 onwards illustrates
a scenario where no more exploration would be carried out.
12. Debt repayment considers the cancellation of the remaining Senior
Notes (6.8 M USD) and the reduction of A/P to 30 -60 working days.
13. EPS as well as FCFPS have been calculated on a 218.6 million
shares outstanding basis.
Annex I. Financial model
410 - 475 West Georgia Street
Vancouver, B.C. Canada V6B 4M9
Telephone: +(604) 694-0021
Facsimile: +(604) 694-0063
Toll Free: (1)(877) 694-0021
Website: www.petaquilla.com
Email: info@petaquilla.com
10
Done! Let me know what you guys think of it...like i said once before, i don't know much about the technical's!
Anski, i sent it!
Here it is...its the only way i know how to post it...who ever doesnt understand, send emails and i will forward as pdf
www.petaquilla.com
June 2011
Forecast 2011-2019
The statements contained in this presentation that are not purely historical are forward-looking statements. Forward-looking
statements may relate to the success of any of the Company's strategic initiatives, the Company's expectations, beliefs, growth
and future prospects, and the Company's position in the market and future opportunities therein. Forward-looking statements
may also include, without limitation, any express or implied statement relating to future events, industry performance, general
business and economic conditions or circumstances, regulatory and legal requirements, and other matters, many of which are
beyond the control of the Company. Forward-looking statements involve risks and uncertainties, which could cause actual results
to differ materially from those projected. All forward-looking statements included in this presentation are based upon information
available to the Company as of the date hereof and the Company does not undertake any obligations to update forward-looking
statements should circumstances or management's beliefs or opinions change.
Petaquilla Minerals Ltd.
(the “Company”)
FORWARD LOOKING STATEMENTS
3
4
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Volume (th’s Au oz) 53 124 152 210 264 315 316 316 316
Silver Volume (th’s Ag oz) 64 149 327 751 1,284 1,794 1,804 1,804 1,804
Revenues(M USD) 79 193 324 429 384 463 464 449 449
EBITDA (M USD) 39 99 192 261 214 264 265 253 253
Net Income (M USD) 32 83 156 175 134 167 168 159 159
EPS * 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
FCFPS* 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
* Not: Assuming 218.6 million common shares post-merger. These figures are unlevered figures.
Summary (1,250 USD/Au oz; 30 USD/Ag oz)
Share Price (USD) 0.70
Fully Diluted S/O (Post-merger) 283
Market Cap (M USD) 124
NAV @ 5% (M USD) $903
NAV/share $3.19
% Upside 355.1%
SUMMARY
Main design assumptions: Gold price: 1,250 USD/Au oz and Silver price: 30 USD/Ag oz
NAV Sensitivity (% Upside from Current Share price)
Gold Price (USD/ Au oz)
Disc. rate 900 1,100 1,300 1,500 1,600 2,000
0.0% 227% 395% 554% 702% 776% 1073%
5.0% 137% 264% 385% 496% 551% 772%
7.5% 103% 215% 321% 418% 466% 659%
10.0% 75% 174% 268% 352% 395% 565%
15.0% 31% 110% 184% 251% 284% 417%
5
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Price [$/oz] 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250
Silver price [$/0z] 30 30 30 30 30 30 30 30 30
Gold Volume (000's Au oz)
from Molejon (*1) 53 124 136 154 154 154 154 154 154
from Lomero-Poyatos 0 0 16 57 110 161 162 162 162
Total Volume (000's Au oz) 53 124 152 210 264 315 316 316 316
Less DB ('000's Au oz) 8 16 18 13 8 0 0 0 0
Silver Volume (000's Ag oz)
from Molejon(*2) 64 149 163 184 184 184 184 184 184
from Lomero-Poyatos 0 0 163 567 1,100 1,610 1,620 1,620 1,620
Total Volume (000's Ag oz) 64 149 327 751 1,280 1,794 1,804 1,804 1,804
DB price participation 3 6 7 5 3 0 0 0 0
Gold Revenues 59 141 175 251 322 393 395 395 395
Silver Revenues 2 4 10 23 39 54 54 54 54
Aggregate Revenues 15 42 133 150 20 16 16 0 0
Total Revenues (M USD) 79 193 324 429 384 463 464 449 449
REVENUES
* Note
* Note: 2011-2013 Molejon Au production by fiscal Quarter
6,000
7,000
8,000
9,000
10,000
11,000
12,000
15,000
20,000
25,000
30,000
35,000
40,000
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
Q2
2014
Q3
2014
Q4
2014
Quarterly production [Au oz] Monthly average Au prodcution rate
• Moving from a 100k to a 300k Au oz per
year gold producer in the mid-term.
• Once fully developed, New Lomero-
Poyatos asset will contribute with more
than 150k Au oz and 1.6M Ag oz per
year.
• New horizontal CIC
• New drum scrubber
• Commercial Heap leach startup
• New Leaching Tanks: #7 y #8
• New CIP Tanks: #7 y #8
• 4th Mill (*1) Molejon production includes additional resources from surrounding deposits to the Molejon pit and not
incorporated in the NI 43-101.(*2) Conservative estimation based on Fiscal 4Q 2011.
6
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Cash Cost
Gold guidance mid-point ($/ Au oz) 575 575 575 575 575 575 575 575 575
Aggregate cost 4 11 31 33 5 4 4 0 0
COGS 34 82 118 154 157 185 186 182 182
Gross Profit (M USD) 45 111 206 275 227 278 279 267 267
D&A 7 16 20 27 34 41 41 41 41
SG&A 6 12 14 14 14 14 14 14 14
D&A +SG&A as % of Revenues 16.3% 14.6% 10.3% 9.7% 12.5% 11.9% 11.9% 12.3% 12.3%
EBITDA (M USD) 39 99 192 261 214 264 265 253 253
EBIT 32 83 173 233 179 223 224 212 212
Taxes 0 0 17 58 45 56 56 53 53
Tax Rate 0.0% 0.0% 9.7% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%
Unlevered Net Income (M USD) 32 83 156 175 134 167 168 159 159
EPS * 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
PRODUCTION & ADMIN. COSTS
* Assumption: 218.6 million common shares post-merger
• Conservative flat Cash cost approach. Increase in production as well as
heap leach operation will reduce Cash cost to the low band of the range.
Cash cost / Au oz: 550 USD – 600 USD (575 USD/Au oz guidance mid-point)
• Depreciation & Amort. rate based on production rates
• SG&A includes Corporate expenses and CSR (Current + 1% EBIT from 2013 onwards)
• Tax benefits from Law #9 (Panama).
7
Calendar Year Jun/Dec.2011 2012 2013 2014 2015 2016 2017 2018 2019
Unlevered Net Income 32 83 156 175 133 165 166 157 157
D&A 7 16 20 27 34 41 41 41 41
Sustaining Capex & Exploration -5 -10 -10 -10 -10 -10 -8 -6 -6
Capex:Molejon plant expansion (*1) -4.7
Capex to Develop Lomero-Poyatos -80 -20 -30 -30
Debt repayment (*2) -10 5 5 5
Unlevered Free Cash Flow (M USD) 19 4 141 158 129 198 201 194 194
UFCPS * 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
INVESTMENTS: CAPEX
* Assumption: 218.6 million common shares post-merger
• 5 M USD/year Sustaining Capex (tailings, heap leach pad construction)
• 5 M USD/year for Exploration
• Debt repayment includes remaining Notes and A/P reduction.
• Capex to develop Lomero-Poyatos:
• 80 M USD from Convertible bonds
• 80 M USD from Operating cashflow
(*1) This amount will be financed through a leasing facility (*2) This figure doesn’t include any ifnancial leasing repayment as it corresponds to an Unlevered FCF.
8
Mid-tier Gold Producers
Source: Canaccord Flash Update report 19 May 2011 and Company’s forecast.
396
350
319
289
262
219
197
178
164
160
135
129
114
Gammon Gold
Northgate
Minerals
Allied Nevada
Golden Star
Aura Minerals
Alamos Gold
Avion Gold
Minefinders
Lake Shore Gold
PTQ
Minera Andes
Primero Mining
Endeavour
3,270
1,675
1,672
1,367
1,026
826
693
678
637
558
414
259
124
Allied Nevada
Gammon Gold
Alamos Gold
Lake Shore
Gold
Minefinders
Northgate
Minerals
Golden Star
Minera Andes
Aura Minerals
Avion Gold
Primero Mining
Endeavour
PTQ
19%
33%
63%
-8%
13%
22%
40%
5%
14%
41%
7%
5%
116%
986
760
707
672
670
575
517
500
473
443
410
409
382
Golden Star
Aura Minerals
Northgate
Minerals
Endeavour
Avion Gold
PTQ
Minefinders
Lake Shore Gold
Allied Nevada
Gammon Gold
Primero Mining
Alamos Gold
Minera Andes
7
4
3.6
3.3
3.3
3
2.8
2.3
2.1
1.4
1.3
0.9
Allied
Nevada
Golden Star
Gammon
Gold
Northgate
Minerals
Primero
Mining
Lake Shore
Gold
PTQ
Minefinders
Alamos Gold
Endeavour
Minera
Andes
Aura
Minerals
Market Cap. (US$ M) Target annual Production
by 2013 (th’s Au oz)
CAGR Production
2011 -2013
Weighted Avg. Cash
cost US$/ Au oz 2011-13
Attributable Reserves
(M Au oz)
Market Capitalization as at May 18th 2011.. PTQ’s production figure is on a Au
equivalent basis assuming Ag price of 30
US$/Ag oz and 1,250. US$/Au oz.
Production/cash cost figure for Alamos
Gold is on an Au equivalent/co-product
basis. All estimates are based on Au/Ag
production and by-product cash cost
CAGR: Compound
Annual Growth Rate
Estimated recoverable life-of-mine
production including expected
additions.PTQ’s figure assumes a 60%
transformation into Au oz Eq. Reserves
of Lomero-Poyato’s Resources.
9
Inputs
Disc. Rate 5.0%
DB Floor 875
DB CAP 1,290
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gold Price 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250
Silver price 30 30 30 30 30 30 30 30 30
Volume (000's Au oz)
from Molejon 53 124 136 154 154 154 154 154 154
from Lomero-Poyatos 0 0 16 57 110 161 162 162 162
from Portugal
Total Volume (000's Au oz) 53 124 152 210 264 315 316 316 316
Less DB ('000's Au oz) 8 16 18 13 8 0 0 0 0
Volume (000's Ag oz)
from Molejon 64 149 163 184 184 184 184 184 184
from Lomero-Poyatos 0 0 163 567 1,100 1,610 1,620 1,620 1,620
Total Volume (000's Au oz) 64 149 327 751 1,284 1,794 1,804 1,804 1,804
DB price participation 3 6 7 5 3 0 0 0 0
Gold Revenues 59 141 175 251 322 393 395 395 395
Silver Revenues 2 4 10 23 39 54 54 54 54
Aggregate Revenues 15 42 133 150 20 16 16 0 0
Total Revenues (M$) 79 193 324 429 384 463 464 449 449
Cash Costs
Gold guidance mid-point ($/ Au oz) 575 575 575 575 575 575 575 575 575
Aggregate cost 4 11 31 33 5 4 4 0 0
COGS 34 82 118 154 157 185 186 182 182
Gross Profit 45 111 206 275 227 278 279 267 267
DD&A 7 16 20 27 34 41 41 41 41
SG&A 6 12 14 14 14 14 14 14 14
% of Revenues 16.3% 14.6% 10.3% 9.7% 12.5% 11.9% 11.9% 12.3% 12.3%
EBITDA 39 99 192 261 214 264 265 253 253
EBIT 32 83 173 233 179 223 224 212 212
Taxes 0 0 -17 -58 -45 -56 -56 -53 -53
Tax Rate 0.0% 0.0% 9.6% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%
Unlevered Net Income 32 83 156 175 134 167 168 159 159
D&A 6.9 16.2 19.8 27.3 34.3 40.9 41.0 41.0 41.0
Sustaining Capex + Exploration -5 -10 -10 -10 -10 -10 -8 -6 -6
Capex: Molejon plan expansion -4.7
Capex to develop Lomero-Poyatos -80 -20 -30 -30
Debt repayment -10 -5 -5 -5
Unlevered Free Cash Flow 19 4 141 158 129 198 201 194 194
Interest 0 0 0 0 0 0 0 0 0
EBT 32 83 173 233 179 223 224 212 212
Taxes 0 0 -17 -58 -45 -56 -56 -53 -53
Levered Net Income 32 83 156 175 134 167 168 159 159
Levered Free Cash Flow 19 4 141 158 129 198 201 194 194
Dividends 0 0 0 0 0 0 0 0 0
Debt 0 0 0 0 0 0 0 0 0
Cash 0 4 145 302 431 629 830 1,024 1,218
Shares Outstanding Post-meger 218.6 219 219 219 219 219 219 219 219
EPS 0.14 0.38 0.71 0.80 0.61 0.76 0.77 0.73 0.73
FCFS 0.09 0.02 0.64 0.72 0.59 0.91 0.92 0.89 0.89
Notes:
1. DB floor and DB Cap: Floor and Cap price of the Prepaid Forward
Gold Purchase Agreement with Deutsche Bank.
2. Design prices for Gold and Silver
3. Production from Portuguese concession has not been considered.
4. Gold of the Prepaid Forward Gold Purchase Agreement with
Deutsche Bank have been subtracted.
5. Price participation from of the Prepaid Forward Gold Purchase
Agreement with Deutsche Bank which is reimbursed to PTQ has
been taken into account.
6. Aggregate Revenues refers to the construction aggregate produced
from the waste mined and sold to third parties.
7. Silver production cost is included in the gold production cost.
8. Aggregate production has been taken into account.
9. Depreciation and Amort. have been estimated based on 3Q 2011
and proportional to the production rates.
10. Taxes reflect the tax shield of Law 9 of the Republic of Panama.
Tax rate from Lomero-Poyato’s production has been considered as
25% of EBIT. This estimation does not take into account potential
tax benefits.
11. Sustaining Capex + Exploration from year 2017 onwards illustrates
a scenario where no more exploration would be carried out.
12. Debt repayment considers the cancellation of the remaining Senior
Notes (6.8 M USD) and the reduction of A/P to 30 -60 working days.
13. EPS as well as FCFPS have been calculated on a 218.6 million
shares outstanding basis.
Annex I. Financial model
410 - 475 West Georgia Street
Vancouver, B.C. Canada V6B 4M9
Telephone: +(604) 694-0021
Facsimile: +(604) 694-0063
Toll Free: (1)(877) 694-0021
Website: www.petaquilla.com
Email: info@petaquilla.com
10
unless you know another way of me posting it...
gimme an email and ill send it to you...i have it in pdf and don't know how to post it here...tried to paste it and the graphics come out to scattered
Check in the company web site for the forecast of 2011-2019...i think they just posted it today...hello to all!!
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/29/11) - Petaquilla Minerals Ltd. (TSX:PTQ - News)(OTC.BB:PTQMF - News)(Frankfurt:P7Z - News) (the "Company") is pleased to announce that it has filed a notice with the Toronto Stock Exchange ("TSX") for, and received its approval to make, a Normal Course Issuer Bid ("NCIB") permitting the Company to purchase up to 17,000,000 common shares ("Shares"), representing approximately 9.9% of its public float. The Company has 176,429,501 Shares issued and outstanding, and a public float (calculated under TSX rules) of approximately 172,129,518 Shares, as at June 28, 2011.
The average daily trading volume on the TSX for the six months preceding June 1, 2011, was 683,833 Shares. Subject to the Company's ability to make "block" purchases under TSX rules, the daily repurchase restriction during the course of the NCIB is 25% of the average daily trading volume, or 170,958 Shares. The Company may buy back Shares anytime during the 12-month period beginning on July 4, 2011, and ending on July 3, 2012, or on such earlier date as the Company may complete its purchases pursuant to the NCIB, or provide notice of termination. Any purchases under the NCIB will be made through the facilities of the TSX in compliance with the rules of the TSX. The Company will pay the market price, up to a maximum of $1.00 per Share, at the time of acquisition of Shares purchased through the facilities of the TSX, subject to any restrictions under the rules of the TSX. The actual number of Shares which may be purchased, and the timing of any such purchases, will be determined by the Company, in accordance with the rules of the TSX.
The Company believes that purchases under the NCIB constitute a desirable use of its funds on the basis that recent market prices of the Shares do not, and at certain times during the course of the NCIB may not, fully reflect the value of its business and future business prospects. Shares that are purchased pursuant to the NCIB will be held by the Company, to be dealt with as its Board of Directors sees fit, subject to any applicable regulatory approval.
Shareholders of the Company will be provided with a summary of the material information contained in the Notice of Intention to Make a Normal Course Issuer Bid filed with the TSX in connection with the NCIB in the next quarterly report of the Company to be mailed to shareholders and filed on SEDAR. Shareholders may obtain a copy of the Notice of Intention to Make a Normal Course Issuer Bid from the Company without charge.
About Petaquilla Minerals Ltd.
Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometre concession lands, a region known historically for gold content.
Petaquilla Minerals Ltd.
June 15, 2011
Petaquilla Minerals Ltd.: Rating of Panama Upgraded by Fitch Ratings
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2011) - Petaquilla Minerals Ltd. (the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that Fitch Ratings ("Fitch") agency has recently raised the rating of Panama in a step to "BBB" and revised its Outlook to stable, driven by the country's solid economic growth prospects and favourable government debt metrics. The rating is investment grade.
The upgrade means that Panamanian debt is among the best qualified of Latin America and reflects Panama's solid economic growth prospects and favourable government debt dynamics. Panama's ratings are also supported by the country's stable banking system, political stability and general political consensus on macroeconomic policies.
Panama's economy grew 7.5% in 2010 and Fitch projects a further 7% expansion in 2011 and 2012. Fiscal performance has been boosted by the economy's vigorous growth and the implementation of two tax reforms over the past year. Ambitious public investment programmes, including the expansion of the Panama Canal, should also support economic growth in the near term. Fitch believes that the canal expansion will provide Panama with an increasing stream of fiscal resources potentially starting in 2015.
Panama, which uses the U.S. dollar as currency and which administers one of the most important links between the Pacific and Atlantic oceans, has emerged as a winner from the growth in world trade - approximately 4% of global trade passes through the Panama Canal and the country also exports products from ports located on both coasts.
About Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometre concession lands, a region known historically for gold content.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Joao C. Manuel, Chief Executive Officer
No stock exchange has approved or disapproved the information contained herein.
CONTACT INFORMATION:
Petaquilla Minerals Ltd.
Joao C. Manuel
Chief Executive Officer
(604) 694-0021 or Toll free: 1-877-694-0021
Fax: (604) 694-0063
www.petaquilla.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Thx guys! Got a little (a lot actually) scared for a minute!!
So its probably a glitch in ihub right??
Why did it go to 0.00 after hours?!?! What happened?? Please someone tell me!!!!
Bannerman Resources (BNNLF.PK) has a market cap of 80.65 million. Bannerman is interesting based on in the ground resource, compared to company market cap. Etango has a defined deposit of 212 Mlbs. It's in the top 10-15 in the ground deposits in the world. This mine will produce approximately 5 to 7 Mlbs. of uranium per year for over 20 years. The resource estimate of Etango was increased by 40% in 2010. 70% of the deposit is within 200 metres from the surface. This is a world class deposit. It has a mine that can produce a large resource over the course of two decades. Namibia is supportive of the uranium industry, making this a very good location. Bannerman looks to have a very bright future, and I really like this company.
Bannerman has a life of 20 years and is in the top 10-15 in ground Uranium deposits in the world...interesting! Why not get in now and put it to sleep for a while?
Interesting news out today!
http://online.wsj.com/article/SB10001424052748704681904576313373923914228.html?ru=yahoo&mod=yahoo_hs
Real, things at the plant are actually running pretty smooth...I was there the other day and saw it my self...
Hi to all my fellow boarders!