My guess is 18-24 months.
At that time I would expect $2,000.00 gold which is up 50% from the price at the moment. The election in Germany will have a great effect on the EU and Germany will stop funding the losers. PTQ is profitable at current levels and revenue growth will be steady as production continues to grow. Many macro events could change the plan, but that is what is budgeted at this time. Minera-Panama was on hold for eight months, but is now hiring again and will be ramping up once again. There are major changes to the project, almost all of which impact favorably on Petaquilla.
Posters here have projected terrible results for FY 2013, with some on SH actually claiming only a $0.01-$0.02 EPS for Q4. I do not know where they are getting this information. The facts will be known soon publicly and Q1 has only one more gold pour and it is in the books. Those pesky warrants will also go away soon. Some are saying the stock will crash in the next thirty days. Those who believe that should be shorting like never before if they expect us to return to the 2002-2003 levels of $0.03/share.
