Chart below from the Mineral Resources Climate Sustainability Report released June 21
Two things have changed since then: 1) The likelihood of Natural Gas has moved to almost certain with the outstanding LD1 flow tests 2) The value generation has gone up significantly as the price of diesel has risen 50%+ along with natural gas prices
This would have to make the leverage of LD1 and the gas assets a top priority for Mineral Resources and others.
DYOR but at these prices I'm buying as I think there might be some value there
NWE Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held