Home / Research Tools
Research Tools
| | Corporate Profile: Petaquilla Copper Ltd
Publisher: Kaiser Research Online
Author: Copyright 2013 John A. Kaiser
|
| |
Petaquilla Copper Ltd (PTC-T)
| Petaquilla Copper Ltd was delisted on December 2, 2008 following a successful cash takeover bid at $2.20 per share by Inmet Mining Corp. Inmet was the 48% partner in the Petaquilla copper deposit in Panama in which Petaquilla owned 52%, subject to Teck Cominco being vested for a 26% interest that would reduce Petaquilla to a 26% carried interest. Petaquilla had disputed Teck's claim to have earned its interest by pursuing arbitration on April 30, 2008. Inmet launched an unsolicited bid at $2.00 for Petaquilla on July 7, 2008 with a 9.3% lockup from institutional shareholders, which management initially rejected, but on August 26 agreed to a $2.20 offer. On November 20, 2008 Teck withdrew from the Petaquilla project and wrote off its $26 million investment. The Petaquillia porphyry deposit had an indicated and inferred resource of 950 million tonnes of 0.5% copper and 0.1 g/t gold representing 10.5 billion lbs of copper and 3.1 million ounces gold which had a gross metal value of $19.4 billion at $1.62/lb copper and $812/oz gold. The takeover bid assigned an implied project value of $1.8 billion to the deposit using a 26% net interest for Petaquilla Copper. Petaquilla Copper Ltd was listed on the TSX on December 31, 2007 after Petaquilla Minerals Ltd, formerly Adrian Resources Ltd, split itself into two companies on October 13, 2006, with "Minerals" retaining the Molejon gold deposit and "Copper" retaining the copper-gold deposit. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
Petaquilla Copper Project Valuations
| Company | Project | Country | Stage | IPV $
MM |
$100 | UPV
$500 |
$2000 | Target Metals | Deposit Style |
| Key Company Projects |
 |
Petaquilla Copper Ltd (PTC-T) | Petaquilla |  | Panama | Prefeasibility |
$1,605 | | |
| Copper Gold Molybdenum | Porphyry |
|
|
| Peer Projects |
|
|
|
|
|
|
| Comparable Projects |
|
|
|
|
| Success Stories |
|
|
|
|
| |
| | You can return to the Top of this page
|
|
