some facts, page-34

Ist posting here after holding for a few wks now from the 8.6 mark of entry.

Some of the estimated reserve figures are purely hyperthetically unbased of proper info.

Ist hole showed 60m depth of coal and dropped away to 40m at a lower level 79m deeper than the 1st hole. 20m less of coal. How can you base 300m tons on this? Whats the width of this coal intersection to make assumptions and the specific gravity of it???

Even to say 2b reserve, whats the strike length, width of seam and average thickness???

I say dont guess the tonage to mislead other holders of reserve figures until more work is done to identify properly what is there. This is only one lease they have drilled and it is anybodys guess is in what is in the rest of the neighbouring leases.

My understanding is that the 8 leases are in 2 different areas of Mongolia the Ovorhangay Province and the other in South Gobi. Surely we have found now in the Province but Sth Gobi could be zilch. Not all leases are commercial or have coal seams. Just being realistic.

As yet can anyone say what the real size of these leases are???

No matter what the width of this seam is in this 1st lease drilled , we are sitting on something significant and has the potential to be a blockbuster depending on the width of seam.

The ann should be on 3rd drill result and the aquisition of these Ovorhangay Province leases. Sth Gobi not tested yet or is the ann related to this area.????

CR is almost imminent as they need $7.7m for acquisition and only $1m in bank , not surprised if in 2morrows ann included.

Meanwhile Im glad to be aboard the CEO EXPRESS in Mongolia as so many others are.