Suggest to look at the company website for the 2 research reports ( Edisons and Carmichael) from last year. Figures of $0.91 and $1.25 were quoted for Garatau alone assuming a basket price of $1200.
Current spot price around $1750-$1800!!!!!
So why are we at $0.31 ???? I suggest it is a combination of fear, risk aversion, lack of trust and confidence in management to be able to pull this off.
If management can produce the 'imminent' BFS next month followed by a JV with whoever, then we are clearly back in business. If not, then down she goes.
NKP Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
