coud be right felsmad. If the aces line up, but its a lot to go right. :)
- Copper prices ^ looking to break out of its trading range, imo up, if the US and China continue to rebound
- drilling results confirm a bigger reserve than expected
- overall grades are good, above 1%
- costs in Mongolia remain competitive, ie wages
- M & A activity kicks in as forecasted. “[T]he combination of depressed valuations and some commodity price slippage may prove at some point irresistible to larger mining players with considerable cash flows. As a consequence, we see a new wave of M&A emerging,” Deloittes.
we shall see
VAL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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