Entering text into the input field will update the search result below

Montem Resources (MR1) - Premium Price Canadian Coal Takes Off

Feb. 03, 2021 8:43 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


  • ASX: MR1.
  • Shares Outstanding: 202.7M.
  • Share price AUD$0.28 (25.11.2020).
  • Market Cap: AUD$57M.

Coal investment isn't for everyone it seems, but it is nevertheless an important industrial material, not just for energy. Coking coal, met coal or steelmaking coal are all the same thing and used in the production of steel. Without it, we'd be in trouble.

We talk to Peter Doyle, MD & CEO of Montem Resources (ASX:MR1). Montem IPO'd in September following 3 years as a private company. Doyle talks us through the team (ex-Glencore - who tend to think big) and their plans to get their assets in Alberta, Canada back into production. Tent Mountain is the smaller of the 2, but comes with a mill and permits and can be produced in 2022. The numbers are IRR 17.3% at base case, pre-optimised financing and without an extension on the current 14 year Life of Mine. This will provide the cash flow for the getting the 2nd larger asset, Chinook, into production.

Company Overview

Montem Resources is newly listed on the ASX. They are a coking-coal company operating in Canada with a number of development assets in the centre of coking-coal production area called Crowsnest Pass. They have one mine that they're bringing back into life which should be producing in 2022 and are planning to use those profits to invest in large development assets that are adjacent to that mine.

Read the full article here.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

View our disclaimer here: https//:www.cruxinvestor.com/disclaimer

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.