These are some very rough figures so don't be too harshQuote...

These are some very rough figures so don't be too harsh

Quote from SoAF on the MEO forum

Just had a re-read.

There is a broker report published back in August 2010 on MEO by Baillieu Research. Don't recall its discussion on this forum.

Great reading and a very good report. Very well researched and presented.

One of the better and more in-depth reports i has read of any spec stock recently.
Anyway, value MEO artemis as follows.
25% of artemis, Values for MEO are:
1. low case - $0.76/sh for a 4000BCF
2. med case -$2.28/sh for a 8000BCF resource

AND,

3. High 12000BCF - $ 4.66 per share."



My calcs for MOG at 12000BCF

Shares in MEO - 477m
Percent MEO in Artemis - 25%
Total Artemis Value (100%) = $4.66 x 477m x 4 = $8,891m
Percent MOG in Artmenis - 10%
Shares in MOG = 288m
Value to MOG = 8,891 x 10% / 288 = $3.08

As I said earlier - extremely rough calculation (no options even considered and figures based off someone else quoting a report.