Petaquilla Minerals Ltd. (fka PTQMF)

[Lojiko]

Great news! Thanks, PTY-BUAY! That puts us at over 1M Au-Eq-ozs in reserves (~$1B pure profit) in Panama alone. Now if only our in situ valuation would catch up. :P

$1,600 * 1M Au-Eq-ozs = $1.6B

$1.6B * 0.10 = $160M / 221M shares = $0.72/sh

$1.6B * 0.40 = $640M / 221M shares = $2.90/sh

With our EPS and reserves, we should definitely be trading for at least $1/sh.