Petaquilla Minerals Ltd. (fka PTQMF)

[ratherbefishin]

many gold mining companies that WERE profitable may not be able to STAY profitable at current -or lower gold prices[we are now down 33%] and anylsts Goldman Saches were predicting sub $1300 levels into 2014,especially the ones with low grade ore,and the longer the POG stays down the bigger challange paying the bills is going to be.The costs remain the same no matter what the price of gold is-unless they have sold it forward.I have no idea if PTQ has

This makes the comment very relevent and the very much a basis in reality of todays gold prices,especially if the ''big bounce back'' proves elusive