keep in mind that toe hold nova tenaments in namibia.
TOE took over NEL, but we havent seen much from the NEL side, in way of presentations.
I've phoned the company and expect a return call today to the answer.
They seem to be focused onthe AUS assets, maybe its just about making the dollars go the distance, and keeping the african assets for later.
But when it comes to intrinsic value, dont forget about NEL, they surround DYL, BMN, etc,
you need to dig a bit into past presos to find the NEL stuff, but a look on p26, 27.
http://www.toroenergy.com.au/_literature_15862/Investor_Relations_Presentation_-_March_2008
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