Does anyone know the price of Mongolian thermal coal? I expect it is lower than Australian coal ($127 per tonne). But even at $100/tonne that is 20-30 billion dollars worth of coal. Not bad for a company worth just over $30M.
Even if the rest of the project has no coal it is still worth a lot more than the current SP. Looking forward to the JORC coming out before the end of the year!!!
200 to 300 million tonne exploration target,, page-5
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