MAY 0.00% 3.0¢ melbana energy limited

May Chart, page-4902

  1. 10,189 Posts.
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    1. Count down started and massive few weeks ahead with discovery done on a massive resource

    https://hotcopper.com.au/data/attachments/4923/4923240-496512e9f834d01160b169f9b397c0b5.jpg

    2. As CEO has said many times largest in more than a decade Appraisal delayed

    https://hotcopper.com.au/data/attachments/4923/4923246-e545ef5872cdbff1b8e1c47d7a3bf8fc.jpg


    3. CEO webinar greater than 90 percent appraisal rate with production to start straight after


    https://hotcopper.com.au/data/attachments/4923/4923255-ada05c405501232c818bc7616cb7f3a7.jpg

    Three points that summarise how undervalued this is at a 200 million market cap with 40 million in the bank and an upside of 50 cents on appraisal on a peer to peer valuation with STX and WGO resource appraisals. Difference is roads and infrastructure all in place and team has already put in place all tanks and trucks ready to go back in November
 
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