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Re: Geico post# 21206

Sunday, 08/11/2013 6:21:33 PM

Sunday, August 11, 2013 6:21:33 PM

Post# of 26631
I guess I do not understand.

The Supreme Court has ruled that Petaquilla cannot sell or transfer any of its concession rights to a third party. The concession right can only be used for mining and associated infrastructure required. FQM has already acquired use, access, and other specifics needed for their project in an agreement approved by the three government entities involved. Inasmuch as there are no other parties involved I do not understand how any "land rights" could have value or actually be utilized by a third party. I have reviewed the pertinent filings and do not find them either precedent setting,or opening any further non-mining development by a third party.

As you must know there are various groups of natives living a subsistence life on portions of the concessions, but there is no development in the usual sense. The company may not clear, harvest lumber, farm, or raise cattle on the concessions. The company does not have title to, nor will it be paid for the lands taken for the new northern highway across the concession. The biodiversity corridor agreements also place very strict limits. I just do not see any value other than that which has been obtained from FQM, other than that to be gained from the extraction of Cu, Ag, and Au.

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