We are still awaiting
* Further drill results from Columboola. They have been drilling since November to establish a maiden indicated resource together with some more inferred resource.
* JV partner for Bundi
* IAS for 3TL project (due to be be lodged this month).
* Advice on what other coal companies taking up capacity at 3TL.
* Campbell Newman victory in the Qld State elections.
* Bundi mining concept studies end of quarter 2.
* 2nd half of this year I expect measured resource for both Bundi and Columboola.
A small coal spin off from Gullewa Ltd (Allegiance Coal) have shown interest in 3TL. See below.
http://allegiancecoal.com.au/downloads/ALC_Infrastructure_Plan.pdf
Not sure if the above (other than Bundi JV) are catalysts for share price increase but they certainly are exciting developments if you have a longer term view of the company and believe that the proposed 3TL coal export terminal will happen.
In my opinion, Metrocoal will release any type of positive news after the Qld elections. An LNP victory will cut out a lot of the current red tape to get coal mines to production. The Bundi and Columboola projects may be able to start up earlier than planned.
We are still awaiting* Further drill results from Columboola....
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