Stonebridge has 30c/t for explorers with an inferred resource and 60c/t for explorers with an indicated resource.
MTE has 700mt so it should be trading at least $0.80 right now based on 20c/t.
I see no reason for MTE to trade below average. MTE are also in the process of upgrading the resource at Bundi which takes it to the next level.
The market will catch on sooner or later. Once the maiden JORC is out on Coolumboola, that alone should be worth $0.80.
DYOR
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