MEL 0.00% 0.5¢ metgasco ltd

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  1. 220 Posts.
    I agree, MEL is currently grossly undervalued with regard to reserves.

    From your data, look at the reserves per 1 millon shares on issue
    2P ESG approx' 0.29PJ MEL approx' 2.0PJ
    3P ESG approx' 1.11PJ MEL approx' 10.7PJ

    ie, from a takeover perspective, easily the preferred target over ESG
 
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1 927625 0.5¢
 

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0.6¢ 5044543 12
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