Just curious and purely as a conversation point, I would be interested to know peoples thoughts on what is a "mid tier producer". I have heard Phil say on a number of occassions that Phase 2 will transform Nido in a mid tier producer. What do you class as a mid tier producer? I assume the range would be pretty broad but I would class the likes of ROC as a mid tier producer. 6445 BOEPD (equivelant that is) but with a market cap of 328 million. When phase 2 is up and running net to Nido ss 2744 odd BOPD, if in fact it does produce 1200 a day. If you compare and calculate the production to market cap (between the two)at present you can see why NDO may be stuck at these prices, given the recent massive dilution. All things being equal, which is rare , when phase 2 is up and running Nido sp should be around 7 cents? Thoughts?
NDO Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
