MEO estimates Artermis worth roughly 4.5 Billion, if after F/I MEO retains 35% and has Tassie Shoul. As previously stated a strike with 1 drill would trigger T/O talk for both projects. Using a figure of 5 Billion dollar at 35% you come up with MEO = $1.75 BILLION DOLLARS. With 440 million shares on offer this would equate to $ 4.00 per share. With T/O normally at 20% above price it brings up to $4.80- $5.00 per share. This would equate to 1 WPL share for every 11 MEO shares at WPL SP $52.50 today. Maybe pie in the eye and i will probably get shot down in flames, but potential for this to happen down track, all puzzle coming together and time lines for WPL getting closer by month. Good luck all MEO holders as i think in for good ride.
MEO Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held