MTE 0.00% 3.0¢ metrocoal limited

This was a competing application and has been 4 years in the...

  1. 6,072 Posts.
    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.


 
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