Anyway Prophecy Coal a Canadian listed company had two projects in Mongolia.
TVN sitting on some good Mongolian thermal coal and looks pretty good for the future.
http://www.prophecycoal.com/project_ulaan_ovoo.php (i) Ulaan Ovoo Highlights 208.8 million tonnes of measured & indicated coal resource (NI 43-101; 174 Mt of measured and 34 Mt of Indicated) 20.7 million tonnes of proven coal reserve. Bituminous (5,040 kcal/kg), low ash (11.3%), low sulphur (0.40%) thermal coal suitable for export Single massive coal seam 45-80 m thick with an average strip ratio of 1.8:1 First 8+ years of mining requires no coal washing
http://www.prophecycoal.com/project_chandgana.php (ii) Chandgana Highlights Only 9 km apart, the Chandgana Projects consists of Chandgana Tal and Chandgana Khavtgai coal properties and are part of the same coal deposit 1.2 billion tonnes of measured & indicated coal resource (NI 43-101) Consists of a shallow, 38 - 45 metre thick coal seam Coal quality is well suited to feed an on-site 600 MW mine mouth power plant, with extension to eventual 4,200 MW Low ash (12.49%), very low sulfur (0.68%) and with a Calorific value of 4,354 kcal/kg
TVN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held