MEL 0.00% 0.4¢ metgasco ltd

$41.66 x .245 = $10.2m....but I'm assuming you were being...

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    $41.66 x .245 = $10.2m....but I'm assuming you were being facetious....

    With $5.2m in cash at 30 Sep, plus 2.1 of bonds and 2 of receivables the company has assets (before Options, SM74 and Cooper) of approximately $19.5m before current quarter outgoings. So yesterdays close of 5c is approximately liquid asset backing; not taking into account those three items - of which you could argue that SM74 is nearly worth the same again in its pre-drilled state.
 
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