Reggie, if you read the brokers reports they are a 12 month forward estimate of the price, so mid next year. This accords with my my 12-18 month forward estimate.
NEU will most definitely not be derisked in 2-3 years. It takes closer to 5 years and A$400m to run a drug through P3 and FDA approval. Wilson’s $100 valuation is after each of the 4 indications have gone through P3 and been approved by the FDA (so after a A$1.5billion spend). It’s probably closer to 10 years away unfortunately assuming we can get the right partners (at best NEU could take 1 indication through P3).
The reality is that given positive P2 results I cannot see us remaining a stand alone company for long… NEU will be taken over.
If not, it’ll be because NNZ2591 hasn’t performed very well in which case our future valuations have been torpedoed anyway.
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