Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Let's be clear about this:

1. Ends the stupidity/doubt about FQM taking out PTQ!
2. PTQ had no agreement with Inmet, but only term sheets!
3. Confirms decision to spin-out PDI which was in question!
4. Assures access to high grade ore under aggregate!
5. Profitable sale of 'waste product' with high GP!
6. Guarantees large FCF to company (price pt.) covering Spain!
7. Ameliorates effect of lower gold price!
8. No financing, finders fees, etc. for Spanish expansion!
9. Guarantees debt reduction/working capital improvement!

So while others struggle to survive in the sector chaos, we have found a way thanks to the new relationship with our new neighbor. Excellent job done and well appreciated by anyone who has a clue about current events in the market! Now with the GP and FCF from Molejon there is not doubt we can self finance our expansion plans. This is a very big deal just from this one contract; another two million dollars a month minimum revenue for the next three years. Unless one is totally ignorant, it is easy to see that this is the start of a great beneficial relationship. A VERY BIG DEAL!!!!