http://www.hotcopper.com.au/post_single.asp?fid=1&tid=999923&msgi...

http://www.hotcopper.com.au/post_single.asp?fid=1&tid=999923&msgid=5572209

"Taken from above post"


On my calculations the value of the Artemis project for the players concerned including MOG is


................Value...Shares..SP..Value..Potential..Times

MEO.20%..$800m..41.8m.0.615..257m...$1.91...3.11
CUE.15%...$600m..66m...0.27...178m...$0.91....3.37
MOG.15%..$600m..200m..0.38..76m....$3.00.....7.89


Tried to set up columns. Potential column refers to potential price and times column is potential price /current price.
Above based on $4b value for Artemis ie 30c per 1000cf. This could be as high as $1 per 1000cf that will value the project at $12b. This will increase the above figures by 3x.

Obviously above is playing with the potential numbers but either way all 3 stocks seam to be undervalued.

Looks like MOG has the most potential but the unknown is the eventual number of shares that will be on issue. I have assumed 200m.

As states previously you have to do your own figures.