It's a porphyry deposit so I don't think the grade is an issue as long as it is big enough and the metallurgy isn't problematic. There's still plenty of scope for growing the resource.
I don't see Rio's issues with OT as being a massive black mark against Mongolia. Sure, there are definitely some political issues, but a good sized chunk of the problem has been caused by Rio itself mismanaging the project IMO.
XAM Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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