Wayne, long term holders have known that MEL is undervalued...

Wayne, long term holders have known that MEL is undervalued compared to other CSG stocks. For example, ESG has about the same resources at a slightly more advanced level of development but in the past year has had a market cap 7-10 times that of MEL (and note that there are many who think that even ESG is undervalued). This was the situation *before* the recent conventional gas discovery. If this discovery turns out to be as significant as the company is suggesting then within 2 years MEL could be a producer, with a pipeline, a power station and a steady cashflow to help develop their CSG assets and explore for more conventional gas in the Mackellar Prospect north of Kingfisher. In other words it could be where Arrow Energy is now, at 20 to 30 times the current market cap. With that sort of upside you should feel comfortable riding out the inevitable short term fluctuations from traders taking profits.