With everyone talking valuations - it's probably timely to remind people that this company does not only have the Zeus target.
Analysts have valued their other assets (not even including the other NWS permits) at risk adjusted net asset values of well over $1 per share.
If they hit Zeus, you can expect the values ascribed to their other NWS permits to increase too.
The upside is ridiculous - and the downside if Zeus and the NWS is a duster, well we might 'only' be left with methanol and LNG plants worth $1.30 per share (assuming they can get partners etc - which is factored in to the risked valuation).
I know which side of the risk/reward scale I want to be on!
MEO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
