MTE have announced several times their goal of gaining a jorc...

MTE have announced several times their goal of gaining a jorc resource of 2.5 billion to 3.5 billion tonnes of coal @ inferred or better by the end of calender year 2011!

As page 15 of the following link shows, MTE are only attracting a relative sp of 8cps for every tonne of inferred coal, in comparison to many of their peers which are commanding 29c to 56c per tonne...

http://metrocoal.com.au/uploads/documents/Investor-Presentation-PDAC.pdf

Hey, if they achieve their goal of 2.5 billion to 3.5 billion tonnes by the end if 2011 i will take 8cps per inferred tonne because that will equate to a sp of around $1.10. AT 8CPS INFERRED TONNE - WHAT IF THEY BEGIN FALLING IN LINE WITH THE INDUSTRY AVERAGE!!!!!!Furthermore i can see no reason as to why they are so heavily discounted to their peers as everything is falling into place for the Surat Basin rail link...

No matter how you look at it, if MTE come anywhere close to achieving their exploration goals for 2011, even with a heavily discounted price per tonnage there are some spectacular gains in store for shareholders.