I haven't looked at HDR properly but I see why you think so. I didn't realise it had so many shares out and has such a valuation. While it is pie in the sky stuff for NEO - if it does follow the HDR path it will be much much quicker than HDR because of the speed to pipeline and production. Just my opinion. I have been trying to determine what is a silly target for NEO to possibly hit but I kept balking at a market cap of 200m or about 25-30c area.
What I like most is with the oil and gas show early in the drilling it is possible the JV is running positive cashflow very early beacause the infrastructure spend is so low compared to other projects.
I can see a scenario where 289m options are being excercised in Feb06 and the company has no need for the 14m!
NEO
nuenco nl
