Another company for comparison is SMR (Stanmore Coal)
- Targeting WICET Stage 2 for coal export (same as MTE)
- Pure play, just like MTE
- Targetting 7Mtpa (MTE: 12Mtpa)
- 319Mt JORC Inferred with moderate exploration targets (MTE: 686Mt JORC Inferred and 23Mt JORC Indicated, with MEGA exploration targets)
- Primarily thermal, with some coking appeal (MTE: thermal)
- Cash position slightly better, $25m vs $15m, however MTE has an additional $30m from JV partner
- Market Cap at today's close is $150m (MTE: $60m)
Just goes to show that MTE is under the radar at the moment and how much potential it has in the short, medium and long term.
I will post more like this as they come to hand.
- Forums
- ASX - By Stock
- another comparison
Another company for comparison is SMR (Stanmore Coal)- Targeting...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online