Replies to post #20020 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Q3 is always difficult.

This year it was even more so with the ramp-up of the expansion, as well as the scheduled maintenance. No matter what the numbers many will not be satisfied. Just the nature of the beast. You wonder why some with little patience or foresight ever invest in the company. But don't forget...it is the naive and emotional that allow us to invest and trade and make serious money at their expense. Be thankful for all of them. Those who have been selling down the SP are providing the rest of us with great opportunities. Two years from now no one will care what the numbers for Q3 2013 even were!

The big show right now is the FQM deal!!!

[sabfour20]

Keep in mind that this is the first FULL quarter, as i understand it were the 4th ball mill is in operation. With that i would expect a 25% increase in gold poured. There are 2 ways to compare this.

Q3 2012 - Gold poured was 14,166, with 4th mill 25% increase = 17,707 expected. Keep in mind that Q3 2012 was plagued with maintenance issues and 300oz was from HP.

The other way i am projecting this quarter is by comparing it to the last (pre 4th mill) 4 quarters average, which is 16,967 gold poured. If you add 25% to this, the target poured should be 21,209 oz. I am looking for this figure more closely then a Q3 2012 comparison.

Note: heap leaching numbers in all quarters are low but will skew things slightly. Maybe we will get a HP surprise this quarter for once!

Cheers