As a follow on from the previous post theme (exploration Prospects volumes estimates are based on the Crux Nome Formation dimensions)
Re-posted this to suggest how much larger I think L-1 maybe... 50% or greater. If you apply a best guess factor of 50% increase to both Auriga and Caelum then it does seem an even more attractive Prospect (de-risked by Libra-1)
My expectation for the AC/P23 Sale... Farm-Out 35% for A$300mil and we retain Operatorship.... The "Ace in the hand" will be the ability of Nexus to sell the Potential of Auriga and Caelum...
We will get a good idea if L-1 results are released before the finalisation of the Sale...
Good Luck to the patient
SharpE
My best guesses ...DYOR
crux of the matter, page-8
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Mkt cap ! $70.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $15.37K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36776 | 24.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3501 | 2 |
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