MEO 0.00% 0.0¢ meo australia limited

risked value, page-4

  1. iam
    1,149 Posts.
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    Hi stja

    That's a good question which I have neglected to look at myself since the CR. At least the sums are easier now there are 540m shares floating around.

    The computer says @ 32% GCOS:

    10.8Tcf (Mean Rec Res) x 25% (permit interest) x US$0.50/mcf div US$0.98(FX) div 540m shares = $2.55cps unrisked vps (compared to $2.98cps pre 2010 CR)

    x 32% GCOS = 81.6cps (compared to 95.36cps pre CR)

    If we use my conservative 22% GCOS (explained in an earlier post) = 56.12cps (compared to 65.56cps pre CR).

    Of course we can use any GCOS factor ie 50% = $1.275cps

    Hopefully in a few days the gas will be found and the GCOS will increase dramatically or even become irrelevant.

    Good luck all.

    #:>))
 
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