MAY 0.00% 2.2¢ melbana energy limited

Ann: Alameda-1 Significant oil reservoir interpreted in N Struct, page-342

  1. 2,652 Posts.
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    Cheers brother,

    learning as I said so basically an imposter until I get up to speed so thanks for the inside run on KAR....

    As at all stages I'm juts trying to underpin any SP & MC rises to intrinsic value the best way I can and that like gold is based on IGV of what you got, plus potential and then subtract all the risk elements to weight your value accordingly.

    Kicker for me is the potential to go to production Sep/Oct... Love the idea of a junior explorer/producer having early cashflow with near zero capex req... Makes alot of the usual problems of continual funding seem a lot lighter or even disappear at all..

    You could say it's a company maker...

    GL my friend.. 8tey.
 
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