"There is no value attributed to TS at the moment and when this changes, it will not be incremental. TS will go from being "a weird idea" to all of a sudden delivering MEO $XXX million.
This is what I mean by violent re-rating."
I agree Dr Daz because with projects like these your talking about CAP EXs and NPVs in the Billions and Billions so paying a few hundred million here or there means nothing for the majors but for MEO it would be company making.
What people don't realize is that it's not like there's heaps of Tassie Shoal Development options lying around in the area let alone with Federal Govt approval and support as well as Environmental Approval. This makes Tassie Shoal a ready to go development option sure there is a heck of a lot of work still to do but you certainly would not have to start from scratch and in a country like Australia the political environmental and native approvals are often the hardest and take the longest to overcome
MEO Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
