Nimin Valuation....The problem is that the cash flow has not yet caught up with the investment. I think this is frustrating analysts like Alistair Toward from PI Financial, and you could hear it in his voice on the SECOND quarter conference call. His view is probably that he has given Nimin enough time to become profitable. Excuses like "much of our expense is coming from rental equipment" are getting old. And, if they can't make money at $100 oil, when will they make money?Of course, Nimin's reply to this is that the last expense that they are spending, drilling, has rates of return of over 50%, so if they can just drill enough, then they will cash flow pretty well. They have come this far, all that is left is that one final expenditure to get the gravy. But, if you believe that Nimin's proved producing assets are worth $1.40 per share (and there is little reason to think otherwise), then Nimin is a great value at these numbers, and management is creating more every day. Nimin could get some of its fields to proven-producing, and then sell them to take out all of the debt, and they will have plenty left over.