sell down, page-22

david,

You should take your emotion out of MTE. There are a number of reasons why MTE sp has fallen over the last few weeks, it's not just that it ran up too hard.

Of course I believe where MTE is headed longer term. You cannot have a coal company with 2 billion (minimum) JORC valued at 10 cents per tonne.

Find me one coal company with a 10 cents per tonne of JORC.

When this does happen, MTE should be trading to at least $1.12. So in my eyes, the worst case scenario is that MTE continues to be valued at around 10 cents per tonne. It's a pretty good bet?

Don't forget that MTE is participating in stage 2 of the WICET and not stage 1.

:)
Nic