Expect an even higher bid than 7 cents.....more like 30 cents...

Expect an even higher bid than 7 cents.....more like 30 cents come production....NMC is cheap

NuStar would soon be a bigger producer than Sedimentary in its own right, and that he expected a substantial re-rating of the stock as it neared production.

SED is currently at 31 cents, NuStar chief executive Brett Lamber say's NuStar would soon be a bigger producer than Sedimentary in its own right.

NuStar chief executive Brett Lambert dismissed the bid as "opportunistic",

"I suspect as we progress toward a gold pour at Paulsen's, our price will naturally appreciate . . . so timing is critical for Sedementary, and I can see why Sedementary wants NMC," he said.