I doubt they had all their assets proved up when they were 2c.... now they are on the cusp of production....even woodside was what 40c in the early phase of its life...
Dunno why we want to even compare nexus to woody as an investment... yep, nexus wants to be a woody but its in a completely different league ... woody is for tea & scones pensioner investors while the likes of nexus are for those who like rip curling rollercoaster rides...
I wonder how sensitive nexus should be to changes in oil prices... their near future gas production is based on fixed contract prices... maybe value of their exploration fields may be impacted by poo...
I rode up woody from $15 to the highs & sold but... there's more leverage in companies like nexus....
I doubt they had all their assets proved up when they were...
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