Yes, I have taken 20% off for my cash flow calculations and allowed Santos a generous processing fee of 5%.
IMO opinion huge upside if they find other gas discoveries in their areas, they could easily double their cashflow.
The great thing about these gas discoveries it can be put into production quickly and cheaply. To get Vali in production it took only 5 months (with delays) and MEL's 25% cost for development of the pipeline and infrastructure was only $3.75 million.
For MEL with a cap of only $22 million, a cash flow of $1-$1.5million/month, IMO is a cash cow with a projected life of over 20years.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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