MAY 9.09% 2.0¢ melbana energy limited

MOVE your SUPER-TANKER out of my DEEP-WATER PORT, page-525

  1. 286 Posts.
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    "By the end of 2024 5000 bpd x 365 days at say a conservative profit of US$15 = US27.3m - Melbana's share AUD $12m pa"

    If it comes to pass:
    That would put MAY on a PE ratio in 8 months = 17
    The "20,000 bpd in short order" leads to a PE = 4
    And longer term blue sky of 65,000 bpd gives a PE = 1
    (all approximate)
 
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