peer company comparison as at 18 december 2011, page-12

Its hard to see your stocks diminish in value knowing that they have a fantastic resource but when they are at least 5 years away from production like MTE is, it's inevitable in a market like this to see those stocks sold down heavily.

You could honestly say at this point in time that their deposit is stranded like Riversdale's was and they got taken over for around 30c/tonne...not to mention their resource was 90% hard coking coal.