MTE 0.00% 3.0¢ metrocoal limited

race on for metro xxx, page-14

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    The 1.2 billion tonnes up for sale represents only one third of MTE's expected 3.5 billion minimum exploration target by the end of 2011.

    One third equates to $600-$700 million.

    Their market cap at 60c is only $105 million!

    A $600 million mc equates to a current share price of $5.70!

    $700 million mc equates to $6.65!

    What about the remaining 2.3 billion tonne potential?
 
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Currently unlisted public company.

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