cba research december 2010

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As per research note of CBA at 45c Nexus shares have a potential upside of 45% to the basic target of 65c per share:

http://www.nexusenergy.com.au/assets/97/Files/101209%20NXS%20Initiation.pdf

they see a potential re- rating of 14c-30c up to the different crux development scenarios. Of course they could be wrong.....
At the end of the report they have a WTI oil price sensitivity.....at 100$ wti price the NAV goes up from 0.65 to 0.79...and at the moment the price is ....about $100
too many variables to consider???? . I have faith that Richard Cottee will deliver the best outcome for the shareholders.