please explain, page-20

collette,

great to hear from you, you like me probably found out about these guys through some of the posts on the ESI thread.

MNM has opportunity - still risky at the moment but it has been positive, they have signed the long awaited JV with exergen ( Good Ol Jack isn't at the helm anymore - probably a good thing) and mt mulligan which has been so so at the moment just waiting on more details on that before making a decision.

They have a number of projects which IMO will potentially take a back seat for a while I think BM and the mt mulligan will be the main focus.

BM does have a number of hurdles tho, there is talk of buying out maddingly with its mining licence and billions of tonnes of land fill waste, community and greenies are going to be a challenge.

I think it's worth a small punt if your into a brown coal investment, i'd say it would potentially be 3+ years to get the first coal shipment out.

The big positive is not much shares on issue...

They have the coal in the ground only issue is to get it out...

Hope this helps - excuse the mistakes.

Cheers

M.oz