Ann: PEL 87 Project Update, page-33

Took the opportunity to top up and happy to wait. Good things come to those... IMO PCL should do a 1:10 share consolidation to gain a little bit of market cred. Trading at fractions of cents is not a good look. Having 8bn shares on issue is silly too. Smacks of constant CRs to survive. PCL may be on to something good here and having WDS dig the first hole is cost effective. It's very deep water and I'm sure the drill cost will be north of USD30m. Have to wait for the 3D stuff before determining where to stick the pin is time well spent. The geology of the area is fascinating ie when Arica and South America separated eons ago. Success to the south is very encouraging and just about all PCL has. Another binary bet with money that can be afforded to lose.