Time will tell what the future share price will be, that is my opinion only and could definitely be wrong, the future cash flow will be a major component determining its future share price like all other shares on the ASX, as I said my cash flow figures are my opinion only, a lot of unknowns. In the next 3 quarters we will get a clear picture of what the cashflow will be. If the cashflow will be around or above $1 million/month, I can't see MEL's SP being anywhere near here, my opinion only. This year will see MEL experience a lot major milestones and changes: from explorer to producer, have a positive cashflow, identify new drilling prospects for next years drilling program and possibly new projects put into MEL, IMO all positive for the share price, time will tell.
MEL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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