Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Loji,not sure if it is germane, but..

Seems like Behre Dolbear has a spread sheet, back in a report in 2010 I believe it was, wherein the included every cost associated with Molejon. I remember it even included the cost and insurance of the monthly dore shipment to Canada. I don't have the inclination to go back and look for it, but I would think the numbers could be fumbled to get a decent idea of our total costs. I think I heard someone say at a meeting that they were never expected to exceed $775.00 for the Spanish gold and I think that a $700.00 total cost would be pretty safe for the whole operation. While we have huge exploration costs we do not have the overhead that many larger operations carry.

We have too much current debt, but that is coming down. I am really not paying any attention to this unless gold drops below $1,100.00oz. which I don't foresee. After these warrants expire between now and June 4th, it will be interesting to see if our share price actually moves up over the summer. There is definitely more good news on the fundamental front in the pipeline. We are a much better positioned company than back when our shares were over $1.30.00. Such is life....