Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

That would be profit,(i.e. earnings/share Q3), according to the way I see it. I would expect 2011 fiscal year to produce somewhere between $0.45 to $0.55 per share and these pseudo analyst fellows are estimating a loss of ($0.20) for that year. That is what blew me away.

All of this is also ignoring the on going exploration that will just yield some more gravy and then of course the doubling of capacity to 5000+ tons per day throughput.

That is why I am not too excited about recent declines in share prices. If no one else is willing to actually do real DD, then to hell with them. We will just hold our investments and help Petaquilla wheel the money to the bank each year. I am going to Panama at the end of May when the year closes and I hope they have a little wheelbarrow of misc. nuggets as a surprise.

By the way the National Assembly is in the middle of writing a new tax code, that will probably include a flat tax like a VAT of some sort on spending, and significantly reduce corporate taxes.