Petaquilla Minerals Ltd. (fka PTQMF)

[VBgood]

DT, we well aware that Petaquilla has one of lowest production cost in the industry, around $550. What mjk was asking (I assume) is a Total cost.
Until later almost all PM companes were not giving that information public.
There is a difference between production cost which is pure cost to make an oz and total cost which includes other expenses, as administrative, amortization, taxes, royalties, exploration, etc.
Normally Total cost is much higher but it shows at which point Company will cease to make any profit.
If you listen to interview with Andy Ramkaran on SH- towards the end of that interview he was asked what was Petaquilla Total cost of production – he admitted that it was little more than production cost but would not tell exact number.
For me personally $100 or 150 is a little more so I can assume total cost at Moleron is approx $700. And Spanish- adding transportation cost about $100 per ton will be in $800+.
So as long as gold stays at above $ 900 per oz – we can all sleep well,
Cheers and have good weekend everyone.