Good work Ya
Thats a big market cap difference with esg and mel
I know esg has no debt and loads of cash, but certainly does show mel as being significantly undervalued
The reserves are also excellent with mel, so wonder what kind of value would be put on mel
I know you can't so simply put a calculation of potential market cap / sp value on this way, but just for laughs, if mel had a market cap of $300m that would equate to a share price of $2.28 unless i'm mistaken...
Before anyone has a go, im not suggesting it's going to jump to that price tomorrow...
:)
csg sector comparisons, page-2
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 11541399 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4483831 | 5 |
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| Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |