I agree, the process will take a few weeks I think but it will get there. Lots day traders will be cashing in along the way thus restricting the speed the sp can increase.
BUT, even with poo @ US$70 we are still producing close to 10,000bpd and say 270 days a year worth of production (conservative all round) = US$189m per year. Roughly 2.5-3million barrels a year
Oil search produces 8 million odd barrels a year and they trade at $5-$6. Sure their reserves are greater than ours but once we hit Gindarra and one or 2 of the other 5 targets over the next 18months. Its easy street for all. Here's to hoping.
NDO Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
