Ann: Columboola JV - Goombi Maiden Indicated Reso, page-3

re: Ann: Columboola JV - Goombi Maiden Indica... Not enough information to do any detailed analysis, but...

Say a profit per tonne of $20 after all costs. Say 30 million tonnes. That's $600 million profit....

Halve the profit margin to $10, that's still $300 million profit.

Not bad for minimal outlay, and a great way to raise funds for further capex when the main game is underway.

And what's MTE's market cap today? Lol way too low.