By the end of year MTE are looking at 2.5 - 3.5B tonnes found up.
They also talk about eventual production of 10-12 mtpa though perhaps this can be increased if the infrastructure is available.
Anyway, 10mt into 3Bt gives 300 years supply, so a simple resource per tonne estimate of a company must surely become a bit meaningless once you get above a certain resource, especially if you're constained by infrastructure.
The key is obviously the development of this resource and the infrastructure agreements regarding rail link and the port access plus money pumped into the company via JVs will be the things which lift the value per resource tonnage to get to BND or other levels.
Surat Rail Link: when is that likely to be signed off? That'll be a real boost to the share price I reckon.
MTE Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held
