comparisons, page-2

Update:

Lets compare where the above companies are currently.

The CURRENT (undiluted) MARKET CAP of those companies listed above:

CEL $30m
MMR $69m
MEO $113m
GDN $15m


So MMR, with a duster, is still worth 2.4x as much as CEL. Even incorporating cash, the market is valuing the permit - with absolutely no gas on their first drill, higher than CEL's ground. So much for "efficient" market hypothesis.

MEO, also with a duster, is technically worth $113m or 3.5x as much, but their cash of almost $100m becomes important and justifies their current price.

GDN is worth 1/2 as much as CEL, with bugger all gas and they are struggling to justify connecting the very low flow rates to the grid.

Cheers

DG

PS - post the details on others here to help others work out what they think CEL is worth.