MAY
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5.26% 3.6¢ melbana energy limited

May Chart, page-44

  1. justinmetals
    7,946 Posts.
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    18/02/22
    16:00
    Post #: 59667287
    Ok so rough as guts non industry volumetric analysis of N and Alameda
    Say 1000m deep
    Say 5000m wide
    Say 2000m long
    Say Porosity 10%
    Say Recovery 20%
    = 200M m3 = 1.25M barrels or 377M net to Melbana.
    At NPV of $5/barrel that’s $1.9B net to Melbana and divided by 3.2B SOI fully diluted that’s SP = $0.59
    MAY Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 28  Upvote
    lightbulb Created with Sketch. 8  Great analysis
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Last
3.6¢ 		Change
-0.002(5.26%) 		Mkt cap ! $121.3M
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3.6¢ 3.7¢ 3.5¢ $40.16K 1.116M

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