Ann: Quarterly Activities Report , page-11

hardman, at least it is official now. They have 3.2b shares and options on issue, which gives a $100m MC. Basically doubling their dilution and MC in one meeting. Will the SP now halve to 1.5c as a result or was this factored in already?

The is means that Mantle is currently around one third the price for 2.5b tonnes more coal with existing infrastructure. With an Exergen JV SP should be 40c minimum. With the Mt Mulligan ILUA and drilling commencement, the SP should add another 10c minimum.

Both these announcements are comming in 2012... DYOR