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2.94% 3.3¢ morella corporation limited

74% more land for 30% stake in project.If the tenaments have a...

  1. timbin4
    3,142 Posts.
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    27/03/12
    09:53
    Post #: 9898323
    74% more land for 30% stake in project.

    If the tenaments have a JORC compliant coal resource (time will tell) then yep it's a good deal.

    Good to have a local business person onside too... and getting a 30% stake in the project is a decent encentive to get the project happening too.

    Hopefully this person has some pull in local government circles too.
    AJM Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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3.3¢ 		Change
-0.001(2.94%) 		Mkt cap ! $8.156M
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