MEL
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0.00% 0.4¢ metgasco ltd

1,000,000 GJ = 1PJSantos paid $1.08 per 2GJ & .73c for 3GJMEL...

  1. hellosailor
    976 Posts.
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    21/09/10
    21:45
    Post #: 7225833

    1,000,000 GJ = 1PJ
    Santos paid $1.08 per 2GJ & .73c for 3GJ

    MEL has 2P 397 = 397*1,000,000 *$1.08 = $400m approx

    MEL has 3P 2239 = 2239* 1,000,000 * .73c = 2 billion approx

    We know it's much more than this.

    market cap 100m * 20 = 2billion (.50 * 20 = $10)

    ZZZZZZZ
    MEL Price at posting: 49.5¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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