Well as you can see in the map below, Squantex and PCQ(the brown blocks) are now joint ventured and their land trends all the way up right next with Talisman, Junex, Gastem and Questerre.Usually companies like to JV because it gets the market excited and they can work together because they own so much land that it would take a heck of alot of drilling to drill it all up. PCQ has now positioned themselves in the heart of the discovery. This is going to go ballistic right into next week.

Questerre has a $644 million dollar market cap with 179 million shares outstanding trading at $3.60

PCQ only has a $42 million dollar market cap right now, If PCQ were to climb up to even a $300 million market cap with only 70 million shares out, would still be valued less than Questerre but trading at approx $4.28 dollars per share. I believe they can do better though because they are right in the middle of the gas discovery!

Like i said before, $1.75 target first, then $2.25 followed by $4+ dollars.


Click on the link below for map, goto page 21:

http://www.molopo.com.au/canadian_pres_4_08.pdf