proper analysis of oel vs ndo, page-15

Hey folks, settle down. We are having a fundamental analysis discussion about Galoc and how it affects OEL and NDO.

May I say though that reserves assessments on abandoned projects are about as much use as toilet paper. Until someone actually fronts up with a large sack of money for each and every JV partner and physically develops the projects and turns the reserves into cash - be they OEL projects or NDO projects (I am not discriminating here) - then it is worth buttkiss.

If you can't contribute to the fundamental analysis discussion on this string, then start another string on a different valuation methodology and talk about it there.

Now if there is anyone else who wants to talk about the fundamentals, please step up and make a positive contribution. (As a useful guide have a look back at Ozgems initial response to see how to initiate a proper discussion.)