The following most recent coal transactions, as comparisons....

The following most recent coal transactions, as comparisons. MTE's EV/t is currently approx $0.08/tonne of resources. (approx $50M market caps / 709Mt resources )

Cockatoo is closely compared to MTE, both undeveloped, and located in surat basin, both dependant on WICET-II for infrastructure.

Cockatoo is valued at $0.5/tonne of resources which is about 6 times the value of MTE. No wonder Big insto's are hungry of MTE.

I would expect MTE SP will AT LEAST double by mid 2011 when additional JORC is announced.

MTE has enough fund for 2011 exploration program,capital rising very unlikely.

Last weeks Roadshow to Canada,NY,HK will place MTE under international Radar. Transaction volume has started to increase.


Any comments welcome.