Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

He inferred nothing!

He may have implied however, that the write down of Lavalin is related to FQM going in-house for engineering. That write off could certainly be indirectly related to future PDI contracts in as much as they (Lavalin) had no construction contract let. Inmet was totally unable to bring in-house engineering to bear on the project and FQM has vast experience and an enormous about of in-house expertise. The mess of the Cobre-Panama engineering layout stands in mute testimony to their failures. FQM will get it done and PDI is right there with a huge trained labor force on site.