No!
There are 2000 plus companies on the ASX. MTE will get the attention sooner or later. This is a 3 year investment minimum to rake in a multi-bagger.
I am confident that they will find more than 1 billion tonnes at Columboola. Their target 2 years ago stated 830mt - 1,165mt.
I'm not going to start any rumors but it was reported last September in the Chinese media that Columboola could host as much as a 10bt coal resource.
So, it's not my rumour, it's what Chinamining.org have reported.
China Coal Got Greenlight To Explore Coal Resources In Australia
This media report led to Metrocoal issuing a statement of clarification
MetroCoal Responds to China Coal Media Reports
Nevertheless, this company and China Coal have stated via company announcements/presentations that they will be developing a coal mine here. That in itself (my opinion) speaks volumes............of coal. LOL.
DYOR if you don't believe me.
:)
Nic
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