true value if complete second phase, page-15

Normally, the price builds up until the announcement, and then it's a case of sell the news. Tech companies around this level of development are typically around the $40-45m m/c. Since NXR will only own half, I expect the m/c to top out around $20m, which is around 10c. Normally stocks touch 10.5c, then fall back. Of course, if there's a commercial deal or the suggestion of a likely deal with a big organisation, then it could fly.