Thanks for this. It just looks like something the market has totally bypassed and dont quite understand as normally things that are too good to be true normally are!
Riversdale in Mozambique was 13b tonnes for a $4billion USD takeover. Based on that alone and IF they get to 2.5bn tonnes of coal inferred by end of 2011 you are looking at an 7-8 time price increase on any potential takeover based on parameters of that deal and that was in africa. Cheaper operating costs mind you but higher transport usually! Although based on the Patterson numbers in would be considerably more than that if a 0.50 per tonne was used on 2.5bn tonne resource.
Looks like i may have to take a position in this one...
MTE Price at posting:
54.5¢ Sentiment: None Disclosure: Not Held
