Honestly not sure, but news releases have indicated that the rig doing the drilling would move straight to completion in the event of a commercial find. By using the SM73 platform I imagine it would be a matter of 1-2 weeks, with cashflow on about a 1 month lag, given how SM71 cashflow is currently occurring. Going by the last few releases it sounds like there is a bit of interest in the Copper farm-out process too. No idea how they are planning on structuring that; but would be interesting to see if there has been any thought given to a 'cash up front' option along the lines of the Strike/Orica deal in 2013.
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MEL
metgasco ltd
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BYE buy MEL?!?, page-6
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 16630498 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 10381720 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 6630498 | 0.002 |
9 | 37800999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5681695 | 8 |
0.004 | 3097000 | 4 |
0.006 | 311675 | 1 |
0.008 | 100000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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MEL (ASX) Chart |
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HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
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