Petaquilla Minerals Ltd. (fka PTQMF)

[JustForFun7]

I understand the logic of focusing on profitability but I would suggest grades do have more importance to most mining stock investors than you give credit to. However, I do agree with you the future importance of the heap leach operation. If PTQ becomes known as a heap leach operation primarily then grades would become less important. I don't think we are there yet.

Mine life is also important. 7-10 years expected for most western mines. Australians seem to accept a short mine life and just assume companies will prove up more each year as needed (should be replacing at least what you are pulling out of the ground each year). If investors don't see that mine life proven up by a 43-101 they anticipate the company will have to find capital to buy or develop additional properties. The stock price would be discounted until that is fixed.

I think Jovre's chart points out how undervalued copper stocks are right now. Moving into the same undervaluation that gold juniors are already at and many oil juniors are just breaking out of.

JFF7