thoughts on mt m trial, page-8

plenty of asx listed companies get involved in trials but I can't remember seeing any close for trading because a trial is underway. I am guessing MNM will trade through it.

today's further excellent coal intercepts from BM suggests that 3 billion tonnes is a real possibility now, which would attract plenty of attention from the coal sector.

even using a very conservative 3c per in ground tonne value on 3 billion tonnes of brown coal yields a $90 million asset. most recent brown coal dirt sales in Australia have been close to 7c an in ground tonne.

add this to Mt M's $100 million+ value if it turns out to have the suspected 500 million tonnes of thermal coal and MNM's $35 million MC @ 15c looks very cheap on asx peer comps.

This important after market news should signal the start of the next leg up from the recent 15c base.