mongolia is a cornucopia of untouched natural , page-3

with regard the buy-back they are only buying when the share price is a good margin less then cash backing. Makes good sense to me.

As to mgmt they have been able to buy an asset in china develop it and on sell it profitably. So give them marks for delivering.

A few more irons in the fire then just mongolia with the potential thermal resource in China and copper/gold in china they are currently reviewing.

They are currently earning about $2m cash a year in interest.

There are no guarantees in life but at least with this one the downside in the near term appears negligible and the upside appears large.