So long as things progress towards drilling it's hard to argue with that (bar some ups and downs around profit taking events). PCL got up to $230M pre-spud on Mbawa. I wouldn't count on it getting close to that this time around (also at least part of that was a serious amount of cash on hand) as there are a lot of different variables at play, but it still shows there could be easy multiples from here before a drill is in the ground.
PCL - A lot of oil!, page-32
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