IRR - NPV - all good if you are evaluating unique investment models. In reality, both of these obviate the importance of opportunity costs to an investor. An astute investor should never view a company in isolation without reference to any of its peers or immediate competitors. In this instance there is plenty of gas in NT/WA and MEO is left with an unmarketable parcel of it at the present moment. Not to say that with the additional testing of Heron North that the situation may not change...but today, market forces are at play and the best models would spew out a flawed option. Wait and see... Not over for MEO but not at square one either – still some work to be done. Better value elsewhere for the moment... Shrewd – will make contact soon
My two-bob!
MEO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
