I see.
What concerns me is that Modun Resources is a company with only $6 million Market Cap with $1 million cash (from its June presentation).
And from previous experience of WEC in Indonesia, it cost heaps to build a coal briquette plant .. IMO not sure how they're gonna get the appropriate finance.
foot in the door , page-4
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Mkt cap ! $8.158M | |||
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