MAY 3.33% 3.1¢ melbana energy limited

Ballpark Estimates of A$/S values for Possible Amistad Resources, page-29

  1. 6,623 Posts.
    lightbulb Created with Sketch. 2505
    Sure, the previous estimates on this thread were very conservative, you are right, if they find the high estimates for each reservoir, the share price would go off into the stratosphere:

    https://hotcopper.com.au/data/attachments/4327/4327637-1e4577295aa44283cedd30f05967d5d7.jpg

    A ASX:MAY share price of $4.89/share would be about 48x the current share price.

    https://hotcopper.com.au/data/attachments/4327/4327644-90b9e1b4c0cb21eae822e7c57ecba9bb.jpg
    14 Mar 2022, MELBANA ENERGY LIMITED, ASX:MAY, Alameda-1 - Independent Resources Assessment
 
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