This was a competing application and has been 4 years in the waiting. It is next door to Linc Energy's ML. For now coal is stuffed but this is a great tenement to have for the longer term, make no mistake. There is lots of coal in this tenement and railway that passes either through or next door, I cannot remember exactly. Linc Energy were looking for around $400 million for their Pentland coal project in 2011. From memory they had a few parties interested in that lease.
I will post more about it next week when I am back in the country.
MTE Price at posting:
2.8¢ Sentiment: None Disclosure: Held