I agree. This stock may well rapidly increase in price. Just consider the potential (and likely) anns to come soon :
1. Maiden JORC for Columboola 2. Increased JORC for Bundi/Norwood 3. JV partner for Bundi develeopment (Chinese group?) 4. Award of new coal tenements (see application details in last quarterly) 5. Total JORC of around 2.5BT of coal by Xmas.
With the very tightly held stock, MTE could well be a bolter and be a multi bagger in the next 6 to 7 months, probably appreciably earlier.
Just my thoughts so DYOR but the the inevitable conclusion will likely be the same.
MTE Price at posting:
50.5¢ Sentiment: None Disclosure: Held
