Read through broker reports to get an idea, i think some may be available on NEN's website but may be dated.
From my research,if a good find is hitting what management expect to hit, the sp will easily shoot over $1 with unrisked valuations over $4.
Average unrisked targets i think may be between 60-80 cents on average between brokers.
Don't forget there are two shots at a company maker here so a 'good' find first go may rocket the sp in anticipation of the second drill. The second drill may also be a good safety net if we see promising signs from the first drill but problems with flows etc.
NEN Price at posting:
27.0¢ Sentiment: ST Buy Disclosure: Held