Club vice-president Don McLardy said Stynes had cleared a significant hurdle in his treatment and was looking forward to watching Melbourne play West Coast on television on Saturday afternoon.
"Jimmy rang me about 15 minutes ago from his hospital bed. ‘Mr Indestructible’ is still ongoing," McLardy said at the president's lunch on Saturday at the MCG.
"He said he's feeling pretty good. He's had a major operation and I suspect drugs are having a lot to do with his state of mind but he seemed pretty good to me.
"He's feeling pretty good. He said he's going to be watching the game on delay, so hopefully that's a bit of a thrill for him."
McLardy emphasised the support Stynes was receiving from his friends and family throughout this difficult time.
"He said his great friend [Channel 9's] Jules Lund, who some of you will know from television and is a great product of the Reach Foundation Jim started, while he was getting operated on snuck into Jim's computer," he said.
"He printed out his entire family album, photos of family and friends, printed them up, got them all done on boards and posters and went into Jim's hospital room with them.
"When Jim opened his eyes after his operation, when he looked around the room, there were all his family memories.
"He was pretty chuffed about that and I think it's a pretty special thing to do."
McLardy also said the club's supporters were rallying around their ailing president before he offered his own tribute to the Melbourne legend.
"There are thousands of messages being put on the club website in support of Jim, and I have been absolutely swamped with phone calls," he said.
"It would be great to think they were actually ringing me, but they're not; they're calling to find out about Jimmy.
"But that's been fantastic. I just thought today in what is a very difficult time, I would make a short speech about our great president Jimmy Stynes.
"I think the greatest shock I had this week was when he mentioned that I was one of his mentors.
"For me, that was coming from someone who has won an Order of Australia, two Victorian of the Year titles, built an extraordinary youth empire called Reach that empowers about 60,000 Australians each year.
"He's an AFL legend, a Brownlow medallist, a successful businessman and a loving family man.
"I've been trying to rack my brains to think of what I could actually have mentored him in. The only think I can think of is I had a fair bit of input into getting him to take on the Melbourne presidency.
"He was a reluctant president. I strongly told Jim he should take the job, and not only take it, but he absolutely had to for the sake of Demons' supporters.
"I had then, and I've still got, an unshakeable belief that he would not only be a great president, but he would go down as the greatest president and leader in our 150-year history.
"The job is nowhere near done, but the Melbourne Football Club is stabilised and we're pleased to go forward, thanks mainly to Jim.
"Today has to be about Jim, and what happens outside that window will be a lot about Jim."
