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speedybure (< 20)

Speedy's Top 6 Gold Miners 2012'

Recs

14

April 09, 2012 – Comments (15) | RELATED TICKERS: AUQ , CGR

I just can;t resist adding the following company, placing it at number 1. The valuation is too compelling not too. 

 

Petaquilla Minerals - Based solely in Panama and its flagship molejo project, at least until last Aug 11, when it acquired some attractive assets via the Iberian acquisition. it;s Panamanian assets already provide a significant production growth profile as 3 nearby open-pit mine will push aggregate annual production to approximately 160-175k by 2015, up from 100k projected in 2012. Due to rather significant by-product Ag and Zn credits, cash costs have averaged $557 since commercial production commenced in late 2009.

The recent acquisition was very strategically smart as the main asset Lomero-Poyatos, is nearly fully permitted and will soon enter the construction phase , contributing to annual production in approx 2 yrs. By 2016, this mine will add approximately 150-175k Au and 40m lbs of Cu [increasing to over 100m lbs by 2018].

Petquilla will also be spinning off its infrstructure arm 1 for 4.

Trailing p/e is 2x, 2012 P/e is 1.54 and 2014 is <1 

15 Comments – Post Your Own

#1) On April 09, 2012 at 10:25 PM, SN3165 (< 20) wrote:

Is Panama a mining friendly/politically safe region?

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#2) On April 09, 2012 at 10:50 PM, Speed03 (< 20) wrote:

Hey Speedy, now that Petquilla is #1, where does Colossus go?

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#3) On April 10, 2012 at 8:47 AM, XMFSinchiruna (28.52) wrote:

That's one I've never examined, and as always I appreciate the tip. mcap sure looks slim for the production scale, and I look forward to doing some dd.

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#4) On April 10, 2012 at 10:28 AM, SN3165 (< 20) wrote:

"Brigus Gold reports 26.83 grams per tonne gold over 15.50 metres at the contact zone on the Black Fox complex "

Also reported that they expect lower cash costs going forward.

What's it going to take for these shares to break out? This is extremely positive news...

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#5) On April 10, 2012 at 10:38 AM, SN3165 (< 20) wrote:

I want to add... there is no chance in hell I'm selling my BRD shares at anything less than what they're worth, and that is well north of the current share price. GLTA

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#6) On April 10, 2012 at 4:54 PM, BullDozeR2121 (< 20) wrote:

"Brigus hits Q1 production targets"

http://www.snl.com/Cache/1001164942.PDF?D=&O=PDF&IID=4288058&Y=&T=&FID=1001164942

Even with this news, and increased insider buying the shares seem stagnant. Great spot to establish a new position or continue to add to an existing one. I know I am.

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#7) On April 12, 2012 at 7:44 AM, skypilot2005 (< 20) wrote:

As always, thanks Speedy.

Some more information for fellow Fools:

Petaquilla Minerals

PTQ.TO

PTQMF.OB

http://www.petaquilla.com/

Petaquilla Minerals is an established gold mining company that operates a producing gold mine in Panama. The 100 percent owned Molejon gold mine reached commercial production in January 2010 and currently operates at the rate of approximately 3,000 tonnes per day with plans to increase production to 5,000 tonnes per day.

In August 2011 we announced the acquisition of Iberian Resources Corp. which brought to us developments stage projects in Spain with historical resources of 2.1M ounces of gold, 46M oz of silver and significant copper and zinc content.

Our other projects include Panamanian Development of Infrastructures subsidiary that is in the process of being span-out to the shareholders.

http://www.petaquilla.com/pdf/factsheet.pdf

http://www.petaquilla.com/newsrelease.aspx?petaquilla=Petaquilla%20Minerals%20Ltd.%20Announces%20Preliminary%20Third%20Quarter%20Results%20of%20Fiscal%202012

http://www.petaquilla.com/news/pdf/corp_pre_2012-ltd-apr04.pdf

see page 25.    P. D. I.  spin out

Sky

 

 

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#8) On April 15, 2012 at 8:38 AM, skypilot2005 (< 20) wrote:

Speedy,

MLKRF.PK   

MOA – TSX

http://www.mountain-lake.com/StockInfo.html

Have you ever looked at Mountain Lake Resources?

http://www.mountain-lake.com/FactSheets/MOA_Fact-Sheet.pdf

http://www.mountain-lake.com/NewsReleases.html

 

I like it because:

a)      Sprott owns some shares.  At least 10% of total as near as I can tell.

**

b)       MineralFields

http://www.mountain-lake.com/2011_MOA_News/MOA_NR_12-22-11_PP-Closing.pdf

 

 Mountain Lake Completes Private Placement Financing with the MineralFields Group

 

About the MineralFields Group

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com.

**

c)        Rambler Metals and Mining owns 17%

http://ramblermines.com/files/2012-02-15%20-%20RMM%20Equity%20Stake%20in%20MAE%20FINAL.pdf

12-04-11%20-%20Project%20Update%20FINAL.pdf

**

January 25, 2011 08:30 AM Eastern Daylight Time

 

http://www.businesswire.com/news/home/20110125005727/en/Marathon-Gold-Corporation-Mountain-Lake-Resources-Announce

d)  Marathon Gold Corporation and Mountain Lake Resources Inc. Announce Formation of Joint Venture

 

Just trying to return the favor:

Sky

I am LONG MLKRF.PK   

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#9) On April 17, 2012 at 10:21 PM, skypilot2005 (< 20) wrote:

http://finance.yahoo.com/news/mountain-lake-completes-initial-ni-123000442.html

4/17/12

Mountain Lake Completes Initial NI 43-101 Resource Estimate for its 100% Owned Glover Island Gold Project in Newfoundland

Initial NI 43-101 resource represents a successful first step in achieving the Company’s objective of delineating gold resources that could be amenable to open pit mining and support a centrally located milling operation

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#10) On April 22, 2012 at 7:37 AM, skypilot2005 (< 20) wrote:

#8

c) Rambler doesn't own  17%. They own 17% of Maritime Resources.

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#11) On April 22, 2012 at 7:43 AM, skypilot2005 (< 20) wrote:

# 10:

http://www.maritimeresourcescorp.com/s/Home.asp

I own a few shares

Sky

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#12) On May 04, 2012 at 1:21 AM, OHGtop10 (< 20) wrote:

Hello Speedy,

I started a small position in Petaqullia minerals. Thank you for bringing it to our attention.  I have a few questions for you about the company before I consider taking up a larger position.  If you do not know the anwsers, do you think they are good questions to ask the company?

Do you know what stock piled ounces means? 

Are they gold ounces actually stock piled by the company? 

If so, is the stock piled gold reflected in their book value?

Is gold stock piled included in the companies cash per share? 

What does gold poured mean? 

Is gold poured equal or related to gold sold in a quarter?  

Is gold poured related to gross revenue? 

Thank you for your time and DD

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#13) On May 04, 2012 at 10:26 AM, charliedawgg (< 20) wrote:

Looks like they've hit a red tape snag with the technical disclosure review. Rut-roh.

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#14) On May 04, 2012 at 3:47 PM, OHGtop10 (< 20) wrote:

Yeah I am glad I only have a small position in petaquilla minerals. I don't want to sell shares at 0.32 but I may.  I am not buying any more until things are cleared up.  Speedy do have an advice in this situation?

On the flip side PPP, my largest position is showing that it's share price can actually move up. I also suggested that PPP try to pick up KBX on the cheap!!

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#15) On June 23, 2012 at 7:28 AM, skypilot2005 (< 20) wrote:

re #8

http://www.mountain-lake.com/2012_MOA_News/MOA_NR_05-24-12_MOZ-arrangement.pdf

 

 

Marathon Gold to Acquire Mountain Lake Resources

Sky 

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