Adros, Mantle just bought into a bc tenement in the LV that priced the brown coal at 80c a tonne of clean coal sold. Which is about 40c for each tonne of bc in the ground. Now Mantle has about 1 billion tonnes of jorced brown coal already and potential to be several times that amount, but let's just do the numbers for 1 billion tonnes.
1 billion tonnes x 40 c/ tonne = $400 million in ground value.
Mantle mining market cap = $10 million currently.
This is a stock market. Don't you think there is any scenario or development that is approaching us fast that may give the fellow punters on the stock market reason to speculate that Mantle's market cap should be valued more than it is currently. Much more?
MNM Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
