LT is entering full production again given a higher value than 30c now due to Oil\gas prices... more like 35c in my calculations.
Now we have the relatively unknown factor of Crux going forward... this is a potentically 600M opportunity... more once developed. Plus an upgrade must be given due to 2023 extention given.
Even at a huge discount Crux is worth over 20c alone. Any mention of a JV or similar development plan going forward means 50c + in the ST.
For my money it is a bargain in the 40s, especially since the latest correction. With no news on Crux I would however be wary to purchase at the highs in the mid 50s being 20c above Longtom value.
Possible multi bagger in the MT all dependant on Crux deal.
I sold out at 32c when LT mercury issue, now back in as we getting back into full production and cashflow. Plus gas prices are great and ullish going forward.
Very little downside from 40s IMO...DYOR
Cheers
JAY
NXS Price at posting:
39.3¢ Sentiment: Buy Disclosure: Held
