IMO Petaquilla Minerals, S.A. will expand in the Caribbean outside of Panama and in other Central American Nations. This is long term stuff as it will take five to ten years to develop. Fifer has long vision, remember he has been after the gold/copper in Panama for nearly fifteen years.
Did you ascertain that they have a long term contract in Panama to sell aggregate for $17.00 USD/m3 and have already made sales in November? Cost per m3 is practically nothing and aggregate has to be removed anyway to get to the better gold deposits. A million here, a million there, over time it is money.
Did you note that no mention is made of how much silver they are pouring also? @$27.00/oz. that is another little cash cow by-product.
Like Lojiko, I have a bench mark also, but it is probably for five to seven more years. If I told you the number I would just be ridiculed. But a hint, it ain't just two digits. With the release of more news about additional reserves and the capacity expansion just a few months away, lots of people are talking $6.50 to $7.50 after the end of this fiscal year. When I said that back in July and August everyone just laughed and ridiculed me then and I learned my lesson. I am a lot more reserved with my release of information now.
AI
