You cannot expect a huge rerating of the share price on the success of the pilot plant trials. Mantle will need to achieve a few more milestone's for a good rerating of it's share price. IMO the signing of the agreement to build the demonstration plant and the proof of concept by the fact that the demonstration plant actually works will be a big driver of the share price.
This is an Email from Dr Jack Hamilton CEO of Exergen,the email was posted on the forum about 3 weeks ago.
Exergen does not have a development plant in progress for Indonesia. We do have a pilot facility operating here in Australia, and are focused on securing access to a coal resource to support the next stage of commercial demonstration. The location for this is dependent on coal access with our current focus remaining on Victoria, but with a watching brief on Indonesia if we can see a pathway forward there.
"The next stage of commercial demonstration"this is the key to the share value, once the process is proven commercially it substantially derisks the project.
Both Mt Mulligan and Texas coal leases could drive the share price in the short term.
As always do your own research
MNM Price at posting:
16.8¢ Sentiment: LT Buy Disclosure: Held
