Correct WDS don't own but have full access to the 3D data and are analysing it just like PCL are. PCL have employed a specialist in AVO so this work should provide a good indication of targets that look to have the goods.
From listening to Iain's interview again he seem to suggest that WDS will farmin within 180 days (from now) so the licence will be a mute point and no longer be required. Oviously having the licence just keeps WDS on target should they get distracted and keep delaying which is what we don't want.
One question I missed to ask to Iain was, what does his best case scenario look like up to the and including the first drill? This may have given us a view to timelines we could all be comfortable with but in the meantime the market/sellers are over the delays and lack of real news. Also does not appear PCL are thinking plan B at this stage.
Keep punching and hopefully news comes soon.
Rooey.
PCL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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