re: Ann: Final Assay Results from Selenge Iro... Rusty,
atthe time of the jorc, I think they will be taking offers and considering raising capital.
what is being missed are the substantial concerns the smart money has over resource ownership in mongolia. Add to that the long term souring view on iron ore prices and you have a not so optimistic view on the potential that selenge offers.
Factoring in some sensitivities to price fluctuations (and cooling off) and you have a substantially smaller npv outlook for the project. BUT if the npv is smaller, then this stock should be considered a micro micro cap because that small npv is still many multiples of the current share price.
I am stock confident of a multi bagger. Maybe about 40-50 cents?
SF
Ann: Final Assay Results from Selenge Iron Ore Pr, page-5
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