indigenous group fears csg impact on mount mul, page-17

http://coal.steelguru.com/australia/14867/mantle_mining_corporation_jv_partner_for_exergen_coal_technology_in_victoria

What do people think???

"The company’s current focus is to prove CHTD at commercial scale by developing a USD 70 million Pre-Commercial Demonstration Project in the Latrobe Valley."

Now, according to JV, Exergen needs to fit the bill of around 70 million and start demo by 7 July.....

Now, if a stock has no debt and 30 million cash, some think that company should have a market cap more than 30 mill/ cash backing????

I am not one of them, I also consider assets, earning potential and cash burn ect ect

My point, Mnm free carried for 35 million/ half the PCDP.....

Surely if this is a goer the Mnm SP will reflect this expenses/cost... No dilution for Mnm holders and we reap huge rewards if it goes well....

Is this not like drilling for minerals? You cough up to drill in hope of finding an economic deposit?????

Bottom line,,,, Mnm will be worth way way more when exerted confirms building/start construction imo