by my calcs MPO should be worth about $4 using the ORG deal valuations... IMO you cant use GIP crap...
note that MEL is the best of the juniors to benefit from the valuation... they have a massive 1,500 3P reserves for such a small market cap... if you use ORG's valuation you end up with about $18 a share... about a 2000% upside...
note i do not hold MEL, only MPO...
Add to My Watchlist
What is My Watchlist?