that price tag of mine...., page-9

All that is required to get it to $2 is a market re-rating to the Nexus parity on its current estimate of hydrocarbons from Coron. Once oil flows it gets between $29 and $42 per barrel proven reserves in market cap, depending on how well it sells itaself to the market. That was what was driving my dissappointment at the discounted placement. There is such a thing as hiding your light under a bushel and it looks to me that the oil explloration and development expertise on the board needs to be balanced with someone with a capital markets focus as well. You can see this is something that Nexus doesn't suffer from, managing to claw back all of the recent losses on its share price despite having to halve its Crux estimates.

Looks to me as though we are seeing that market re-rating unfold before our eyes.