BYE buy MEL?!?, page-12

Hi Cara,
Like you, I've also been trying to pick a few extra MEL stock ahead of the Raptor drill in SM-74 (I'm trying not to be overly-optimistic about the likely outcome at Raptor.....). Cara, you are pretty well clue-in on the financials, so are willing to offer an opinion on why the market, at least from what I can see, does not appear to attach much value to MEL's share holding in BYE, despite BYE's share price trending higher and hence MEL's shareholding in BYE also increasing in value. So if this is a dumb question - not me area of expertise I'm afraid.


Kind regards OldGeo