today's west australian, page-33

the project might have a NPV of $4b but SDL dont own 100% of the project so the comparisons aren't valid.
Either way at this stage of the project it has to sell at a discount to NPV because there are large funding risks, there are plenty of projects with massive NPVs that are largely discounted by the market.
People need to lower their expectations, anything north of 60c is a good result, if the takeover offer were to dissapear sdl would drop 7.5-10c.
If we can get 70c beautiful, there are plenty more fish in the sea, too many on here are in love with the stock.