PJ,
I think you are wrong with catalyst. The catalyst if any will be 3TL, not only for MTE's own aspirations but for any serious T/O suitors and/or JV partners. We already know that MTE holds nearly 4 billion tones of JORC inferred coal.
Therefore we have a rail solution as it is known that SBR is going ahead. MTE needs a port solution in 3TL. If this happens, MTE will be the only coal exploration company on the ASX that will have a solution for all of it's projects that it has submitted EIS's.
If 3TL doesn't happen then Yancoal will have no interest in Metrocoal. LOL.
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