MAY 4.35% 6.6¢ melbana energy limited

options only thread mayo, page-109

  1. 9,635 Posts.
    lightbulb Created with Sketch. 3020
    At a sp of 5c, fully diluted, that’s only an EV of $120m (mc $160m). This is still incredibly cheap given the potential, if Alameda-1 reaches the bare minimum of expectations it’s worth 10c per share minimum…..but the value of the acreage goes parabolic. IMO.
 
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