"According to the most accurate formula we have currently, your MAX can be calculated thus:
[((Weapon Skill + Strength)/100) * (DMG)) + (Level Damage Bonus)] "
From this thread:
http://www.project1999.org/forums/sh...ad.php?t=34925
Which is referencing a thread from the Steel Warriors.
Edit: It should also be noted that the information in this thread is largely what Kanras pulled from when doing his modifications to the melee system.