Netoil deal is a HUGE MONEY MAKER for PQE: $53,960,000We received $ 12,000,000 USD from the license yearly or, $ 16,000,000 Canadian.
Plus 5% of Net Production Revenue.
PQE IP produces fat margins of profit as cost is $ 20 per barrel of oil.
So lets say that NetOil does 10,000 barrels of oil per day per license and we get say $ 4 per barrel of oil USD as our cut, it means $ 40,000 per day * 365 days * 2 licenses * 1.30 Usd exchange = $ 37,960,000 in additional profit.
Total license deal + royalty would give $ 53,960,000.
PQE can sign up licenses around the world with oil companies.
Multipy this amount about by 100 licenses + royalty agreements, and you get the drift on the HUGE MARKET SIZE of PQE.
And this is yearly amounts, every year.
My personal opinion,