Replies to post #22127 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

About $625oz. I believe.

There is pressure in the industry to use a new 'total cost' number that carries all the burden from exploration, administrative, etc. I do not know what that number would be. The strictly production cost that has been used in the industry for many years would be about $575-$625. However, if we have shut down some operations that could be much higher. Q1 2011 with low production was $725. Whatever it is now, it is at least in the lower third of Junior Miners.

[Implanting]

What makes absolutely no sense to me is that in this last MDA they talk about how aggregate sales compensated for the decrease in gold production and significantly contributed to a cash cost per oz. sold of $540, so that tells me they are factoring aggregate sales into gold production costs. Why are they doing that? Aggregate costs/sales should be separate from gold costs/sales. They are separate businesses. They have said on numberous occasions that their intentions are spin PDI off when they can pay off DB, so why in God's name are gold sales and aggregate sales somehow intermingled now when in the near future they supposedly won't be.
Both businesses should be held accountable to stand on their own merits IMO. As usual, it would seem creative accounting is at work here. The MDA also states that gold sold costs to be in the $550-$600 range for fiscal 2014. What it doesn't mention is if that with aggrgate sales added in the mix? Who the hell knows?

Meanwhile, gold production for Q4 and most likely Q1 suffered greatly because of the equipment pulled off gold production to do aggregate.