Another company for comparison is SMR (Stanmore Coal)- Targeting...

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.