Absolutely an indictment on management that after all these friggen years we are still wondering the extent of the resource that MEL has.
It just goes to show in ground resource valuations are pretty worthless in MEL's case given the absolute lack of action seen in monetising the resource. The market will continue to place a massive stranded resource discount untill PH and the rest of the ex-ESSO mob start to do something about it.
I hope they are planning for success and thinking about next steps post a sucessfuly Rosella drill. Local sales should be a priority but clearly they need to be thinking big picture GSA if indeed anyone is interested because we havent proven the extent of our resource yet.
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Open | High | Low | Value | Volume |
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9 | 21120899 | 0.002 |
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Price($) | Vol. | No. |
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