Petaquilla Minerals Ltd. (fka PTQMF)

[Chileanmafia]

I think we have excellent growth potential - I saw a recent news release from Inmet that they found some interesting copper grades in excess of 3% and good gold results as well - so I suspect that we should have good drill results as well....

As for the mining law - everything here in Panama works on pressure - so if there is a lot of pressure placed on the government by the people that are stakeholders in mining projects - particularly the Ngobes - and there is a large group of them that support mining along with the workers at PTQ and Inmet's project - then we are in good shape. If these groups do not put pressure the government and the opposition groups - funded by opposition parties and international psuedo-environmental movements then we could be in trouble.

As you know the deputies are meeting to change the law and once they get back from holidays they will begin to debate the mining law... So we should have a new law by September...

As a note the day before yesterday it was raining hard at the project site - yesterday was it was sunny when I drove through the area... So we are in the rainy season so things will slow down a little...