"Mongolian Thermal Coal" OMGAnyway Prophecy Coal a Canadian...

"Mongolian Thermal Coal" OMG

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