Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Pascalls has indicated friendly arrangement.

FQM is not interested in trying to buy out PTQ. In fact they seek to develop a further working relationship, using PDI and more aggregate sales to hold down their own cap/ex expenditures. No sense in building four quarries if you have a cheap supply of aggregates right on your door step. Discussions were held and concluded prior to FQM launching their original bid for Inmet. My guess is that our aggregate sales to FQM will more than double. FQM is very efficient, and while they will do their own engineering in house, they will utilize all the local contractors they can to the fullest extent possible to hold down cap/ex. That is how I see it.