Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Divide by the outstanding shares not after the warrants to be exercised much later. Multiply EPS X15 to be a little more conservative. That gives me about $0.075/QTR or a target of about $4.50/share. I think the silver and the added gold from the heap pads will get us back to the $5.00/share. Then add in all those additional ounces in the ground and I still want $7.50/share if they sell the mine.

In the meantime if it drifts down below $0.30 I'm going to buy some more.

I really think this is traded so thinly that we may end up with out much movement in the share price until a dividend is declared next fall.