Actually, I seriosuly undercooked the guestimations.
40Bbls in Saturn Super Fan @ $3AUD/bbbl = $120B
20% PCL share (assuming to can retain same share and not dilute further after 1st drill into SSF and we hit the motherload) = $24B market cap
At current SOI, $1B equates to circa $0.12 per share.
Therefore, with all stars aligned... equiv SP of $2.80.
Again, my super high level musings. DYOR.
But imagine if we can hit the juicey, fat oiley sweet spot on drill 1....
Biggest issue to navigate IMHO will be drill program and how PCL fund drills 2, 3 or 4 to fully vett Saturn and the balance of tenement to maximise value for eventual take out by 1 of the big boys that miss GALP and are frothing at their teets to get into the biggest black gold play in the world.
PCL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)