According to Rick Rule today on King World, the price explosion in resource stocks is starting now so considering PQ's age and family share totals, I hope that PQ is ready to pull the trigger on the first decent offer:

"Rule had this to say regarding the resource markets: “Finally, Eric, with regards to resource investors, the news is good again. We have seen the market’s response in the last couple of weeks to several spectacular discoveries. Africa Oil has moved from 80 cents to $10. Reservoir Minerals has moved from 30 cents to $3 and change, and of course, GoldQuest Mining from 6 cents to $1.60.

We are now 10 years into this resource cycle, and that’s how long it takes. We’re in a discovery cycle. Because the overall mining share market (the HUI) has been down 27% in the past year, people don’t feel the successes that are occurring in the market. But when these successes take place, the market stands up and takes notice.

What kind of a ‘terrible’ market gives you a response from 80 cents to $10? What kind of a ‘terrible’ market gives you a response from 6 cents to $1.60? You get my point. Exploration successes are, first of all, good for individual portfolios, but they are also the way that you turn a market.