nexus highly undervalued and why..., page-9

Jay,
I am not disputing the positive points you make.Crux is a proven very valuable resource.Its worthwhile also considering the cons as well as the pros.To exploit crux a partner is needed who is willing and able to invest up th 0.5 bill.dollars.If that happens next year production starts 3 years later in 2013.If it doesnt happen next year,with each succeeding year the asset depreciates because of the agreement with Shell which requires reversion of the liquid assets to Shell in 8 years.A recent broker report puts a value of 0.70 if a partner is found soon or 0.15 if not.I am surprised at the latter figure, however given the dismal performance of the share price perhaps its wise not to be surprised about anything wrt nexus.