That doesn't really work.If you add in the LV applications you...

That doesn't really work.

If you add in the LV applications you have something like 15bn tonnes of coal with coal at US$130 per tonne you come up with $1 950 000 000 000 in in ground assets which equates to $10 263 per share which is of course ridiculous.

Or taking the extraction costs out of the equation ($50 per tonne) leaving $80 you come up with a total EBITDA type profit over the life of the project of $6 353 per share which is equally ridiculous.

The only answer is that no one knows what it is all worth at the moment except that it is worth an awful lot more than $0.20 per share.

Anyway that's why I bought loads of MNM.

EB