This is from the PTQs website under the heading why invest in panama....
Please note where I added the BS notation beside their statements.
Why Invest
PTQ: A Mining Pioneer***********BS
Petaquilla pioneered the Panamanian mining industry
842 square kilometres concession area in Panama 130 km. west of the Panama City
A Consistently Profitable, Low-Cost Producer*********BS
Profitable every quarter consecutively since Q3 FY2011, with compelling multiples ***********BS
Established low-cost gold producer with cash cost of US$550-US$600 per gold equivalent oz. sold
Heap leach process in Panama will increase production *********BS
Strong Upside Potential**********BS
Currently annual production at 70,000 gold equivalent oz. at Molejon mine in Panama with plan to increase mine life with the Botija Abajo and Palmilla deposits***********BS
Cooperative new relationship with First Quantum Minerals, owner of the $6.2 billion Capex, Cobre Panama copper project, next to Petaquilla’s Molejon mine*************maybe yes maybe no
Petaquilla’s wholly-owned subsidiary, Panama Development of Infrastructures (PDI), has US$75 million to US$100 million Aggregate and Screened Rock contract in place with Minera Panama S.A.
Plan to spin out PDI to shareholders. Shareholders will receive 1 share of PDI for 4 shares of PTQ they own********BS, BS, BS, BS, BS
Geographically diverse with the Lomero-Poyatos development project in Spain and Banjas and Jales-Gralheira exploration projects in Portugal*******BS, BS, BS, BS
Diverse and Friendly Mining Jurisdictions
Panama is an established and stable democracy with historic ties to the United States, has the fastest growing economy in Latin America, and uses the U.S. dollar as its currency
Both Spain and Portugal are European Union countries that are supportive of mining.............BS
