Badge,
I hope MJK’s answer shed some light on your question.
I agree, we not going to hit 100000 oz for the whole year, our first quarter not going to be good while we are shuffling and purchasing our equipment between PDI/FQ and mine needs.
But second and third quarter production should improve significantly.
A lot depends on how fast we get rich ore from Spain also.
DB loan- I think something is happening to rectify this issue, a lot of news are coming, SP is tell-tell.
Steve talks about “updated target $1.04”, normally Zacks target is six month but can be a year.
So theoretically speaking he is correct if gold goes back at least to $1500 and we are producing approx. 100000 oz a year, taking in account all the work PDI is doing and Spain development – it is plausible to put a price tag on Petaquilla as $1.04.
Have a great weekend.
VB
