Deejay good find. It is definitely getting plenty of media coverage so would be good to ride that momentum with either follow up news and/or roadshows to generate some new shareholders ( gunna be tough with o/g being on the nose ATM)
One great thing highlighted is costs to drill wells is far less expensive. At around $550-600/ft for onshore - TD was around 3000-3500ft in the core hole program (from memory) so you can assume $2-3 mill per well will go close to actual costs. Deeper or difficult is obviously more expensive
So with a few wells drilled and evaluated for 5-6 mill we could have a resource proven up and the company derisked and rerated significantly . Pity the CR wasn't done now when people would be interested or more likely to participate ....
PRL Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
