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Re: farviewhill post# 7530

Friday, 02/04/2011 12:41:06 PM

Friday, February 04, 2011 12:41:06 PM

Post# of 26631
I don't know where that came from.

Personally, if I owned the ODN concession it would not be forsale since much of it is unexplored. Secondly, not having a plant I would need a lot of capital investment to get the gold. I believe that the, soon to be released 43-101, will more than triple PTQ reserves. Long term there maybe more that ten times that number since the batholitic area seems to have gold all through it.

We have many other concessions to explore after ODN and seven or eight are already targeted. In addition, I believe we have more copper just to the north than Cobre Panama. Remember too that Cobre Panama will be exploring and developing their concession and will probably discover more gold than Molejon and it will also belong to PTQ.

Other than for a few new 'toys' and maybe to purchase some more land in Panama I do not plan to ever sell PTQ/PDI. As to what the market will pay now...I have no idea. I do know that a bunch of large stockholders will not sell for many years. It is an investment and they do not need the money or the tax complications. You can always borrow against it if you want to leverage yourself a little. For now we know the gold is there. It is safe. No thugs can steal it and we pay no storage.

By the way, DVM I was not thinking about the world going to barter system. One Example of what I meant: In 1969 I spent a year back and forth between El Salvador and Honduras, (Soccer war 40,000 shot), and had to cross the border between through 'no man's land' many times. A couple of small gold coins was always the ticket for gas, food, and lodging on either side. They knew we did not carry more and so were very careful to protect us and not kill the 'golden' goose.

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