Seems reasonable.
Recent drilling was a dud. Write off.
Mosselle permit is being pursued for damages. I don't know the claim, should be 10 million. If consequential damages are included it could be any number. It's a big miss of opportunity.
Mongolia could have a very high value. It is not zero, and definitely not below our investment. If some prove of resource and permits can be obtained, it could explode the value of this share. Now our total value is $14.4 million. 10x is nothing crazy for Mongolia if we can make progress there.
Ann: Quarterly Activities Report, page-3
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Mkt cap ! $173.5M | |||
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| 9 | 1460775 | 4.6¢ |
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| Price($) | Vol. | No. |
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