If they bought MTE out they get 49% of Columboola (potentially a > than 1bn tonne resource in total) and then get whatever percentage of what other JVs may be on the table. If Sinocoal decide as they did with Columboola to not go for Wandoan then there is 100% for the incoming company and they can farm it out OR go it alone!!!
The reality looks like over the next 3-5 years that MTE will establish a multi billion tonne resource in there name after JVs are taken out. That is my opinion based on what the company have stated in both prospectus and presentations.
One thing i would say to new investors is go back to the prospectus and look at the numbers they predicted and now look what they have. Everything so far has been exceeded comfortably - in particular Bundi!
Alot more news to come out of this company over the next 6 months let alone the next 2-3 years...
MTE Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
