Ann: Priority Allocation of Coal Export Capacity , page-6

re: Ann: Priority Allocation of Coal Export C... alph,

How I see things through my foggy glasses.

MTE is further endeavouring to de-risk Wandoan west and Columboola projects substantially by obtaining priority allocation for this new coal terminal.

A foundation member in a proposed new coal terminal next door to WICET!!!!! Close on having more than 50% of the coal terminal's capacity. Wow! If this gets the go ahead it will be some sort of an achievement.

My guess is that Sinocoal are also very keen to make sure that they don't have production capacity restraints and are not left with a stockpile and/or having to modify the mine plan to cater for a smaller mine(s) when production eventually commences in years to come.

As I have previously posted, it's no good digging up the coal and not being able to ship it. The Surat Basin rail will put the icing on the cake as this will make sure that MTE will get the coal to the terminal.

I would be very surprised if the construction of this railway line doesn't happen within the next year.

I really believe today's news is very encouraging for the company and really significant going forward. Kind of implies to me that MTE's Wandoan West tenements could host much bigger/multiple coal operations in the future?

There is still plenty of water to go under the bridge but it's looking clearer each day.

One must also remember that the share price is currently dictated by the overall market sentiment. We all know that many are nervous right now. Many believe that we are going down again (MTE will be caught up in that no doubt if it eventuates).

It's all going to plan. Nothing better than executing on the plans. The JV will prove hopefully to the investment community that MTE is for real unlike some of these other coal exploration companies with ridiculous market caps.

:)
Nic