I continue to think about this announcement and what it could mean for the value of Brown coal in Victoria if the BCP does get legs??
"Mantle Mining Corporation Limited (ASX: MNM) is pleased to report the acquisition of an exploration tenement in the Latrobe Valley containing a large, JORC Compliant Inferred Resource of Brown Coal:"
"Total consideration for the tenement to the vendor, Resolve Exploration and Mining, consists of a back-end vendor royalty of $0.80 / tonne clean coal sold, convertible to a $5 million payment spread over the first 2 years of commercial production in 4 tranches in either cash or Mantle shares at the vendor royalty holder’s option."
80 cents per ton royalty???
What does this mean for all the other Brown Coal tenements MNM has accumulated?
What does this say about the 1.6 Billion ton JORC at BM?
We seem to see more and more companies/techs after a piece of the ALDP pie all the time. Seems like many Techs/companies are ready to start building and spending hundreds of millions in Victoria.
Where are all these companies/Techs going to get their coal? Will the S7 tender process take place much later once the Brown coal is valued much higher and the state can offload some of the S7 for big money?
What could MNM be sitting on in LV and BM and what could it be worth if this small deal was worth 80 cents per ton royalty???
BM 1.6 billion tons x 80 cents of which MNM has 50%???? makes you wonder??
Was this a bone for LT Holders ?
MNM Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
