Painted Pony Pete Ltd PDPYF

canbriam comparison just for shat and giggles

[uograd]

So according to rbc, canbriam sold for about 1 billion dollars earlier this year.

If you compare canbriam land value or production value or reserves valued to pony, pony on their website values their shares at beween $4.78 and $15.43 per share with best estimate at 8.82.

Now that does seem to a little on the high side but if we took 4.78 and cut in half to 2.39 that is roughly a 200% gain from here.  Not bad.

Although it has not been disclosed consensus was that tourmaline bought that recent land pacakge from pony for 45 million.  I thought at the time it was black swan

in the end it doesn't really matter if tourmaline buys crew or pony.  whoever they buy will set the bar for what values are up there which is signficanty higher than where we are trading today,