Ann: Drilling Demonstrates Significant Width to East Altan Tolgoi, page-5

A ray of sunshine.

http://www.mining.com/turquoise-hill-up-22-after-oyu-tolgoi-tax-bill-slashed-31357/

For a good number of years, the Government of Mongolia has almost carelessly bombs indicating that it doesn't give a rat's a... about fairly sharing foreign explorers finds with them. (mass cancelations of tenements, blocking Chinese ownership, stopping the underground development at Oyu Tolgoi that will provide the majority of cash flow , a tax dispute with Oyu Tolgoi that has never been explained to the public, etc). This constant stream of anti-capital decisions has naturally led to risk money steering clear of the place, and that has marked down listed companies active in Mongolia. Are we seeing the beginning of a sea change that will make Mongolia attractive again?

Even if risk capital doesn't come back for a while, and it will take a lot more friendly signals from the GOM before that happens, it would be nice to think we can keep a fair share of whatever is uncovered at Kharmagtai.