Petaquilla Minerals Ltd. (fka PTQMF)

[Implanting]

O.K., thank you. Good observations.

I went back and checked as to what happened to mining stocks in the Great Depressions. It turns out that Homestake Mining, which was the biggest gold miner at that time, did exceptionally well and outperformed every other Company on the stock exchange. Up hundreds of percentage points higher than most. Some of the reasons why were 1) demand for gold went up, so the price went higher. 2) In a deflationary environment costs drop. Fuel, labor, machinery got cheaper, so cutting costs further was possible. So not only did gold go up in price the cost of mining it got cheaper, kind of like the perfect storm for profits.

This happened back during the Great Depression and that was when we were still on the gold standard, so I don't know if this scenerio could repeat itself. I think it may have a very good chance after an initial sell-off if we have a big fear sell-off.