drilling date, page-3

2015
the drills are worth 230 million
PVD is free carried on its 20% or $46 million dollars worth
plus cash of $22 million
current mkt cap around 100 million.
I have stated previously on this forum that I believe those price targets are realistic BUT in this bearish resource environment I can't see it getting to those price targets. if you look at history the 69-72 massive bull market across the board in resources wasn't truly replicated until 2005-8 and I believe we now will have to wait a full generation of 25 or so years to see that kind of silliness (except in isolated circumstances) where companies are valued on their "prospects", which now IMO creates massive opportunities to accumulate shareholdings in a company that has the potential to go gangbusters. just take a look at NSE or TAP or many others. compelling stories but can't turn a trick in a market that is still severely burnt from the biggest fall in financial history AKA the GFC
the guys running PVD are killing it and I believe on the Gabon and cash alone, notwithstanding dilution, we are onto a good thing. morocco....well.....its blueskybaby