alphaman,I don't know how this post will look like. I hope you...

alphaman,

I don't know how this post will look like. I hope you will be able to understand it. The preview looks nothing like I would like it to look.

In response to your post, perhaps I can save you a bit of valuable time researching with the following compelling data regarding the undervaluation of MTE.
The following comes from a -Theo Psaros - presentation to brokers in Melbourne only 2 weeks ago. The below dates are based on 9th February 2011 calculations.

Cockatoo Coal M/C $544M - JORC 1,801Mt - Mkt Cap $0.31p/t
Bandana E.**** " $710M ---" * 1,479Mt - " " $0.48p/t
Northern E.*** " $227M -- " *** 565Mt - " " $0.40p/t
NuCoal Res.*** " $345M -- " *** 498Mt - " " $0.69p/t
Stanmore Coal* " $165M -- " *** 318Mt - " " $0.51p/t
Endocoal****** " $ 47M -- " **** NIL - " " $ - -
Guilford Coal* " $323M -- " **** NIL - " " $ - -
METRO COAL**** " $ 55M -- " *** 709Mt - " " $0.08p/t

I dare say the Metro Coal - Peer Company Comparison above might interest those contemplating buying MTE.