thanks Vertigo.Assuming that ESI is fairly priced at $90 million...

thanks Vertigo.

Assuming that ESI is fairly priced at $90 million given the upgraded brown coal export boom Victoria is facing over the next 30 years then MNM has to be worth at least as much on fundamentals, doesn't it?

So the 10.5c MNM SP share should really be well north of 30c to square things up on the MC front.

Do you have a link to the Tata/exergen 8 million tonnes per annum offtake deal? I know we have discussed it before, and you did some revenue calculations about it for MNM's 50% share.