MTE: the merger works in favour of MTE.
The merged company now give MTE two world class project:
- Bauxite: 202 million tonnes of high export-grade.
- Thermal Coal: 4.2 billion tonnes.
- $12m cash
- MC of $21million at 4.5c.
Just need the sentiment on bauxite and coal to improve, just like BND went from low 10c to 25c.
From MTE's thread, it should be value at plus 6c.
