I'm not sure what $ figures you are seeking, but I think the best we can expect in the ST is flow rates and maybe some direction on the likely movement in resources.
In my experience, the market will discount the stated numbers until flow tests are done and clarity on commerciality is apparent. I would anticipate a lift in resource numbers (maybe a shift of some 3C into 2C as well) when that is completed, but I don't expect that to be ready until November, in accordance with the chart above.
Balancing all this positivity is what will MAY do to keep a lid on things to minimise dilution of the SPP. They have already sold it down to the SPP price as per their SSN.
Reading the tea leaves on this, I see a strong flow number and some good support for the share price. The strength in BYE shares is also a driver of value.
Hope that helps
Cheers, AL
MEL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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