Hi bundadumThey will be raising money for the other projects...

Hi bundadum

They will be raising money for the other projects Braveheart & Cornea

Mog to pay their share of total drilling program cost( $? )
Braveheart - 26.43% of $? + $9m
Cornea - 22.40% of $? + $12m
So once you've got those figures sorted out you can then apply the likely capital raising figure $?
Now we can move on to establish the shares that will be on issue going into the agreement announced today, shares on issue - ? + 120m
and from this we can easily work out what the true value of mog is in todays market based on its peers and prospects

Cheers k8sy