I said exactly the same thing about WCL re: MEL to a friend of mine (who was thinking of selling out of WCL!) this morning...
I think that having the Galilee basin tenements gives WCL the blue sky potential that MEL appears to have realised with the Kingfisher discovery.... looking forward to a re-rating of WCL even before we've drilled there based on reflected glory from AGL, BUL, COI or ECU success there. It might take a while, but then again, it took a while for MEL too!
WCL Price at posting:
34.1¢ Sentiment: LT Buy Disclosure: Held