MTE metrocoal limited
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  1. oppietrader
    5,378 Posts.
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    25/09/13
    13:57
    Post #: 12370413
    Market cap is now $21mln at 4.5c for the merged entity, plus $12mln cash.

    Relatively cheap compared to ABZ which only has bauxite resource of 116 million tonnes at 42% grade.

    ABZ market cap is around $19mln.


    And we have 202 million tonnes, 134.6mln of that is at grade of 53%.

    Higher and bigger than ABZ, correct me if i'm wrong.


    Plus we have coals and ABZ is short on cash i think.

    Much better value than ABZ who also has Xinfa as its project partner i think.
    MTE Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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