read recently that mte had a value of only 8c/tonne(market cap/tonne) on current coal resource whereas its peers had values mostly above 40c/tonne.Shows its greatly undervalued even before current drilling results are released.Price should be around $1.50 before any current drilling results are released.Comparison examples include marketcap/tonne cockatoo $0.29,bandanna energy $0.52, northern energy $0.42,nu coal res $0.48. I posted this 6 weeks ago.On present coal resource at 40c/tonne gives us a value of $2.42. If by Christmas the resource has grow to 2.7 bil tonnes then i would expect this valuation to be $7.00 to $7.50 /share. Why do people continue to undervalue this company so much eg $1.00 by Christmas if present resource triples in size?
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