it wont take 3 years for MTE to be a multibagger. once wider...

it wont take 3 years for MTE to be a multibagger. once wider acceptance is out in the market as to how big MTE's reserves are, the sp is going to need to be sky high in order to ward off takeover offers.

even at a discounted price of 10c per tonne which is unheard of at inferred rates in the coal industry, MTE will command a market cap of $250 to $350 million by end of 2011 if they simply achieve their exploration targets. that equates to $1.40 to $2 a share on 10c per tonne alone! if MTE was trading on a similar E/V to its many peers it should be closer to $4 or $5 by xmas of this year.