go mog the dog go!!!, page-50

These are some very rough figures so don't be too harsh

Quote from SoAF on the MEO forum

Just had a re-read.

There is a broker report published back in August 2010 on MEO by Baillieu Research. Don't recall its discussion on this forum.

Great reading and a very good report. Very well researched and presented.

One of the better and more in-depth reports i has read of any spec stock recently.
Anyway, value MEO artemis as follows.
25% of artemis, Values for MEO are:
1. low case - $0.76/sh for a 4000BCF
2. med case -$2.28/sh for a 8000BCF resource

AND,

3. High 12000BCF - $ 4.66 per share."



My calcs for MOG at 12000BCF

Shares in MEO - 477m
Percent MEO in Artemis - 25%
Total Artemis Value (100%) = $4.66 x 477m x 4 = $8,891m
Percent MOG in Artmenis - 10%
Shares in MOG = 288m
Value to MOG = 8,891 x 10% / 288 = $3.08

As I said earlier - extremely rough calculation (no options even considered and figures based off someone else quoting a report.