BM is a 1-2 billion tonne coal deposit which Mantle has rights over, the LV is a 50 billion tonne coal deposit which many parties have rights to.
Power stations cost many billions to setup and is a 50 year investment. Therefore at the rate of extraction that a power station would need the deposit could be exhausted before the investment time is finished.
You would also have to consider the logic of using the obvious larger coal deposit to setup the power station requirements for the state. As brown coal does not transport well.
The LV does have better coal specs, that is why Mantle has also applied for tenements in that coal basin, however the coal from BM combined with Exergen would fall within current export specs based on available data.
MNM Price at posting:
14.3¢ Sentiment: None Disclosure: Held
