well, well, well! came home for lunch, logged in - see the...

well, well, well! came home for lunch, logged in - see the market is completely smashed and yet MTE is green!

i have always believed that if there is a chink in a stocks armour it is exposed on shocker days like today! looks to me as if the market had completely overlooked MTE & its assets up to around 4-5 weeks ago and it is now playing catch up. it really is as simple as that imho.

2.5 billion to 3.5 billion tonne jorc by end of 2011 expected. E/V's per tonne of coal at the inferred stage are normally valued at anywhere from 20-50c per tonne from what i have seen! i had never previously seen good quality coal valued as cheaply as MTE's, hence for quite a while was wondering what was wrong with the stock but sometimes these gifts are overlooked for a while. its easy to do some simple mathematics to see where this sp could be heading if they live up to their exploration targets.