I'm looking forward to seeing where the price runs up to when we finally start the first drill. I don't remember the market cap, but I do remember PCL going from roughly 3c to 27c when they drilled Kenya (I think) around 2012. I also remember, the quick trip the price took down when it was a duster. The closer we get to start drilling the less fundamentals will count. I expect 10c will be in the back window when the first drill finally starts With the size and prospectivity of Saturn I believe expectation will overtake fundamentals. 12.5c is roughly 1B MC for PCL. What is the value of 20% of a new oil field?
PCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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