Points to date;MTH and PRW both recieved financial grants from...

Points to date;

MTH and PRW both recieved financial grants from the NT geo survey to drill their respective leases (Lindemans Bore for PRW and Blackadder/Baldrick for MTH)

The leases are different parts of NT, LB is south west of Darwin and BB is east of Alice springs

Both have similar geological targets to the Norilsk mineralisation (think Olympic dam of nickel/PGM).

PRW started drilling on 28th May then subsequently went TH then suspension pending more information on their "Lindemans Bore Discovery" on the 11th of June.

Today MTH aquired two leases directly next door, west and south of PRW. (see todays MTH lease map and the below link from PRW annual report).

See 2008 annual report, page 28.
http://www.protoresources.com.au/quarterlies.aspx

ORD also have leases ~100km to the west.

http://www.ord.com.au/ASX%20Announcements/150607%20ASX%20Release%20%20Corporate%20Presentation.pdf

So the above is what we know, the speculation is that if PRW has found significant nickel sulphides (they wont have assays back) indicating a new "Norilsk" type discovery then MTH will ride on PRW success, albeit to a lesser extent.

MTH are now more than just nearology play (assuming PRW have real fire in all this smoke) as they have their own exploration leases that have uncovered significant indicators of nickel mineralisation, and they were also awarded the same funding as PRW from the NT govenernment.

Still trying to find which company has ground west and north of MTH....