best value stock on the asx, page-4

Cash backing per share is ~6.5 cps.

9000000/141543009 = ~6.5cps

Combine that with a 6 well program in Colorado drilling program currently underway, potentially worth 167cents per NSE share!!!

These figures are available - http://www.newstandard.com.au/images/stories/NSE_Presentation_-_CC_Project_Drilling_3_Dec_09_Compatibility_Mode.pdf

So basically you have a microcap under 20 million, with a 9 million dollare cash backing with the upside potential of $1.67 per share post drilling shedule.

Discount that by 50% and you arrive at 83cps.

Hell discount it by 80% and you arrive at 33cps.

What you have is an undervalued low risk high reward play still under the radar of the market.

And I didnt even mention NSE's interest in 3 Canning Basin permits.