It's understandable that the volatility remains in the Nexus shareprice. Unfortunately Crux-2 IS below expectations (not above as another poster suggested) and a large amount of uncertainty remains about the Crux project. There is definitley good signs, and that is the fact that Nexus can say that Crux-2 and Crux-1 are connected via the B Sands etc, but there are also some negatives, like the thinner than expected B sands, longer FID due to more appraisal work etc.
Until we are certain about what's at Crux, i don't think we can now attribute an overly optomistic premium.
share price retrace, page-3
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