NEO nuenco nl

one of the problems i have . .

  1. ds
    7,131 Posts.
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    22/11/05
    13:03
    Post #: 1236186
    is with the last aquisition - they acquired 25% of the shallows for approx $US4m so presumably they value the shallows around $US16m - they even got some extra acreage thrown in so it may be worth less. My prob is that if the proven shallows are only worth $US16m the NEO's half is $US8m and it get hard to justify the lofty prices I was thinking of if that is all they value the shallows at. (Yes there is the unproven deeps too)

    Did they just get an exceptional deal?

    I 'think' NEO is worth a whole lot more but the only tangable valuation tells me it is not.

    Happy for any other arguments . . .

    NEO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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