A lot of traders are talking about PEX and the fact that it is in a strong, sustained uptrend on the back of its commercial discoveries in the Cobar Superbasin.
While i don't dispute this fact, i think the opportunity to make money from PEX has passed. As one poster mentioned previously, an $80million market cap is no laughing matter.
GCR on the other hand seems to be a sleeping beauty, with tenements in between and all around PEX's commercial discoveries.
With a market cap of $7-8million, my instincts tell me that this has a large re-rating coming up. Today's price action was impressive, it seems the cat is out of the bag.
This map, provided by John465, depicts the location of GCR's tenements to PEX nicely. John i hope you don't mind that i've taken the liberty to disperse your material.
