mnm & exergen

I have seen some theories posted that BM may not proceed because exergen will focus on export from the LV.

These seem to ignore that export from the LV will not be possible for 10 years or more, and Tata Power need new coal supplies asap.

They also ignore the fact that exergen paid MNM $500 000 and signed a legally binding BM JV in H2 2012, which was months after the Govt announced the new S7 allocations in March 2012?

And that the are now responsible for the day to day mgmt of the BM project, and are using it as a key part of their $100 million RFC Cr efforts?

That is all very puzzling if exergen have no interest in the $1.4 billion NPV BM project as some are claiming, and are all about the LV.

The next 3 months will reveal plenty about the BCP, and attract plenty of new investors.

MNM looks like a very nice punt on it at 5c IMO.