An accurate estimate of discovery
1,000 cu ft. of gas is worth about $5.
5 billion cu. ft. of gas is worth about 5 million times $5 or 25 million dollars. This is without including the cost of extraction.
Of course there may be significantly more gas than this, including the other gas bearing zones, and the other possible gas bearing anomalies on the PCQ/Squatex property, and PCQ wholly owned acreage.
However, for now, say we have added 25 million dollars to the total worth of the company, or about .25 cents a share. Added to the pre-announcement price of 7 cents or so, that is what we are worth according to the current valuation.
It seems as though we are fairly valued for the moment. Upside is considerable, and depends on further testing.
Just my two cents worth....