hey alljust posted this on the FAR forum to get some opinions...

hey all
just posted this on the FAR forum to get some opinions and PCL holders also welcome to offer theirs

What is the best way to play the Mbawa drill in the next few months.
A holding with PCL or FAR based on current MC’s of both stocks.

PCL-220m
FAR-90m

If Mbawa holds the accumulation of oil that interested parties are hopeful on, PCL are obviously going to be worth more than 220m, perhaps 400-500m (35c SP)

In the event of a discovery, what is FAR’s likely potential
150ish m coupled with some positive l6 seismic activity
We know some of the mbawa may flow onto FAR’s licence area in which they hold 30% interest, opposed to PCL’s 15% of the Mbawa prospect

So in effect, if mbawa hits some oil, FAR’s 30% of the overflow into their prospect may actually be the same amount of oil as PCL’s 15% of the actual target

Perhaps FAR has a lot of catching up to do if Mbawa is successful….10c+ perhaps