MEL
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0.00% 0.5¢ metgasco ltd

bow's grant samuel report

  1. richrichie
    3,394 Posts.
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    17/11/11
    20:36
    Post #: 9303200
    Looking page 81 of BOW's Grant Samuel report on valuation by Arrow's takeover.

    MEL is undervalued compared with companies with no gas like ICN & COI in terms of 3P reserves + 2C resources.

    MEL $0.03 (equates to sp of 58.1c)
    ICN $0.05
    COI $0.09

    Using ICN's valuation, MEL's real valuation is 96.8c

    Using COI's valuation, MEL's real valuation is $1.743

    So either ICN and COI are heavily overvalued OR MEL is substantially undervalued.

    Bear in mind, MEL has gas. ICN & COI have no gas.
    MEL Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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