PTQ.V
If any of the attendees of the Vancouver show stop by the PTQ booth, could you ask them some questions.
They are trading at less than 1.5 P/E right now (trailing) and are planning on increasing production. But last qtr their production was down. This quarter production is supposed to be back to normal (around 18,000 ounces) and they should finish the year at 68,000 ounces.
The infrastructure company PDI is supposed to be spun out next month and they are to start work on the Spanish mine (which will need some financing later) for later this year.
Lots happening but they keep having setbacks. They have added some high level personnel lately that may help with those issues and making sure they don't happen again.
This one has been a nugget in the rough for a while and I just wonder if it can ever be polished.
Questions for them:
1. what is the status of the fourth ball mill.
2. what is the status of the heap leach expansion
3. Has title on the Spanish property passed to them yet? Is the hold up only on the government side (Spanish title transfers behind 2 years) or is there something else?
Thanks for you help.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
