McDuall Stuart feb notes
http://www.nzog.net/news/2007/McDoua...te%20Feb08.pdf.
If NZOG
incurred a 100% failure rate on any and all forward exploration, and also
saw no further upgrades to any of the Tui, Pike River or Kupe CFAs, DCF of
risked P50 cash flows still implies NAV of $1.45/share.
dyor