updated jorc, page-8

@ JID/John

Noble has formed a strategic alliance with XAM. It was announced today. Bigger players are much more active in the market right now. Hunnu must be on the radar of a few.

Govt has also opened up bidding to develop Tavan Tolgoi to the big players with many interested parties. Part of the bid involves contractual obligations to develop significant infrastructure (rail etc) to transport the coal. This will help all juniors like AKM, HUN and XAM as the completion of transport networks should coincide nicely with the development timeline of these companies.

If we see any coal from Mongolia become seaborne into the future (5-10years) this will be an unbeleivable development in the coal market.