well if you inferring pcl go to production imho that will never happen, and if a BOD believe they can it will end in tears.
the whole business model for junior explorers is to be either taken out, or sell asset and keep exploring. the pcl of the world do not have the financial capability to go to prod with any sig equity - a royalty would be the best bet - not exactly mkt snapping stuff but still worth sig $ if we believe pel 87 holds a monster or two.
IMHO, the pcl sp will peak the week after hitting oil and gas, maybe be beaten on their initial prod test but there after the slow grind to reserves of 20 wells etc etc and 5 yrs to prod - well who imagines pcl still being there through all of that. no one.
so it is for each investor now to set their sights on what they believe to be the best exit point - but it will not be the first barrel produced for me
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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