FS I agree whole heartedly about the current SP situation. $10M is basically nothing, and I personally think our gold on its own would justify it if fully pursued. The lack of volume also suggests there are almost no traders here. Everyone is waiting on news.
For me, the Vic state discussion/direction with coal which has been said to be supporting Exergen would not benefit MNM, as like Dr Jack said, their purpose in the LV has no relation to MNMs work. (I do, however, hope that this is just not disclosing inside info, and semi chance of this with the IK link). We all know that BM is ideal location for export cf. LV, and this has been confirmed thru correspondence with IK, but I can't look past Exergen's blatent project strategy in the LV.
Saying this, the brown coal is ours, and it still may be viable to transport to LV, and back to port again (probably not? I have no idea-India may pay for this, who knows!) The Mt Mulligan coal is ours, more than likely, and provides substantial upside from this position.
I am just skeptical of the JV between Exergen and MNM, the IK link is the only thing which gives me hope. Else we can JORC it up and sell it for what HM has previously quoted in ground, which would also give more upside to current SP...But when the market waits for BIG news, the little significant news and values are often unrewarded
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