meo info., page-7

And I also think it's a bit misleading to say that the valuation reports are not risked. Tolhurst's valuation report placed an unrisked value on MEO of more than $12 per share. The risked value at the time was $1.98. I think there is an update from this one too - but I have this on hand and it doesn't make much difference.

$6.65 unrisked and $1.24 risked of that valuation was ascribed to the GTL projects.

$6.47 unrisked and $0.68 risked was ascribed to exploration and appraisal. of that amount, only $0.54 unrisked and $0.05 risked was ascribed to Zeus.

I think it's fair to say that it's not all or nothing at Zeus like some people on here are suggesting. However, the upside that Zeus provides based on these valuations is very significant - the valuation suggests dollars per share (and I thnk that's risked).

There is obviously a need to weigh up the risk reward of any investment, but I find it hard to believe that the potential rewards are reflected in an MEO share price of 12c!! It's ludicrous and more a reflection of the state of the market and investor confidence than anything else.