The size of Kinta and it also looks like it has an oil component, could have a big impact on MEL's valuation, if the seismics and drilling show it be the case. There is also the pearl neckless of oil prospects which KA alluded to in his recent Webinar, could also have a big impact on its valuation. Keep in mind the areas MEL holds in the Cooper basin are very prospective and in a world class onshore exploration area right next door to Moomba. IMO lots of blue sky for MEL.
MEL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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