I see value in a Richmond Valley Dairy GSA beyond the actual revenue, which agreed is probably on paper sub commercial on a stand alone basis.
From current circumstances I feel it is somewhat unrealistic to think MEL can go from 100% inactive explorer to 100% full on producer, Lions Way Pipeline, multiple wells and all.
I see the public relations of an engaged and satisfied community as worth $millions, even 10's of $millions of value to MEL ... the PR of a small successful commercial gas supply operation to one or more large Casino clients needs to be the real target.
The whole operation could be modestlyly cash flow -ve but provide valuable, cost effective PR for MEL.
Imagine satisfied farmers with well access agreements, a well executed small distribution pipeline, a resurgent Dairy and Abatoirs, jobs linked to the availability of this gas and the clincher ... surprise surprise, no polluted aquifers, no nose bleeds, in fact no measurable environmental impacts.
From little things big things grow.
Cheers Dex
MEL Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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