PBEGF - Touchstone Exploration: 100%+ Upside With Near-Term 2-Well Drilling Program While Discovered Resource Covers All Current Market Cap
- The current market cap is easily backed up by the already discovered reserves at Cascadura, meaning all the exploration ‘comes for free’.
- The next 2 wells (Chinook and Cascadura Deep) are very significant catalysts that can add materially to the share price, maybe several fold.
- There are several other derisking catalysts over 12 months. Most importantly, Cascadura should come on stream in Q2 2021, bringing down the current high discount rate against this asset; 10%.
For further details see:
Touchstone Exploration: 100%+ Upside With Near-Term 2-Well Drilling Program While Discovered Resource Covers All Current Market Cap