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VBgood

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VBgood

Re: None

Monday, 05/12/2014 2:12:59 PM

Monday, May 12, 2014 2:12:59 PM

Post# of 26631
Look, Petaquilla was in near bankrupt situation, but the Deal gave them second life.
They can start all over again without hedge, whatever gold they make- it is theirs.
While they can still explore in Panama- they know what kind of grade Spain and Portugal have.
It is makes sense to mine high grade ore this days with gold prices around $1300.
They will try to make it- what do you propose them to do? - shut the door?
I think if they can survive next year or two- gold price will have to start rising again and then who knows…
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