24 cents here we come, page-12

Hi Hotrock

Now the cash value will be 18.3c per share after the FIRB approval.

Todays price 26.5c - 18.3c = 8.2c for MEO.
Of course it is cheap.

Leave Artemis and TS project aside, I don't think even only Heron would fit in this price !

Calc:
US$ 39M payment from PBR is now coming to AU$ 47.5M (exchange rate is 82c today). Plus the money in hand AU$ 40, we will have total f AU$ 87.5, divided by 477m shares and it comes to 18.3c per share.