General Discussion, page-2247

Ah yes, my bad.

I assumed because all of the cost figures were in A$ that the Spud price was too and A$1500 = ~US$1000.

This means that the sensitivity chart in my post above is more useful, as it shows that a spod price of US$1725 gives an NPV of $528m.

Using this we can assume that a spod price of US$1800-2000 would give an NPV somewhere in the $600-750m range.

As a side note, I just noticed that MIN completed its takeover of NWE on Friday 2nd June.

Hopefully now they turn their attention to us?