aditya birla, page-6

PJ,

You are comparing an apple (BND) with a blossom (MTE). That's why there is a difference in market cap, and the difference at this point in time is justified in my opinion. I have previously explained the difference. There is also the matter of coal quality which apart from Columboola stacks up very well against MTE's peers.

I'd like to be wrong but I believe I'm closer to the truth. Being subjective towards MTE serves no purpose, hence my objective long term view. At 12 odd cents per tonne of coal there is a lot of fat in the share price longer term. This is my opinion of course and doesnot include any other factors at play such as JV's or takeover speculation.

Time and management is the critical factor at play here. Rome was not built in a day regardless of how great the foundations are.

Have a nice weekend.

:)
Nic