Just had a quick look at the Quarterly...
"At the Latrobe Valley Black and Brown Coal Project, Mantle completed the acquisition of an exploration tenement
containing a large, 289 million tonne JORC Compliant Inferred Resource of brown coal. Total consideration for
the tenement consisted of a back-end royalty of $0.80 / tonne clean coal sold, convertible to a $5 million payment
spread over the first 2 years of commercial production"
This may be worth a close read....."clean coal sold"
Why would MNM say this if we have no "tech" partner in LV on the books? Do they have a "tech" company in mind in order to have completed this deal? mmmmmmmmm PROBABLY IMO
Who could it be? who plans of exporting 3 MTPA from LV in the near term and who needs coal? Who has been mentioned to be linked to MNM in the past few weeks? Shanghai Electric
MNM has hinted at applying for an S7 Allocation but this will need to be done together with a Tech company? Could it be SE? mmmmmmmm I hope so
have a great day.....
IK, I hope you realized that we need good news ASAP for the MNMOA to be in the money and to fill the cash coffers for 2014?? I realise you like to go slow and tick the boxes but it may be time for you and the team to put the pressure on and get the news out.....
Sometimes you need to MAKE things happen........please get it done for all the LT holders, especially the ones holding oppies
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mantle right in the thick of it!, page-7
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