Next stop looking to be 2.3 cents which was support around july 2014 if that still counts.
They dont need a cap raise untill 2nd drill and if we do hit a billion of barrels, the following conservative estimate would apply if i am not mistaken
1 bill barrels@$5 x .2 ÷ 8 bill shares = 12.5 cents
Thus should our turbidite contain a mother load as we anticipate,
PCL could very well raise decent coin without serious dilution
Ann: Presentation to the General Meeting, page-46
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Mkt cap ! $138.2M | |||
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