They will be raising money for the other projects Braveheart & Cornea
Mog to pay their share of total drilling program cost( $? ) Braveheart - 26.43% of $? + $9m Cornea - 22.40% of $? + $12m So once you've got those figures sorted out you can then apply the likely capital raising figure $? Now we can move on to establish the shares that will be on issue going into the agreement announced today, shares on issue - ? + 120m and from this we can easily work out what the true value of mog is in todays market based on its peers and prospects
Cheers k8sy
MOG Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
