MEL
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Hi,What would you consider fair value for MEL's reserves which...

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  1. The Mechanic
    2,289 Posts.
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    19/12/22
    18:39
    Post #: 65372020
    Hi,

    What would you consider fair value for MEL's reserves which is likely to have a minimum 20 year life and IMO their share likely to generate a net cash flow of $10 million pa. There are also likely other prospects in their tenements which are yet to be drilled, scheduled to be drilled next year?
    MEL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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