Telegram from Ulaanbaator -
Elixir Executives in Mongolia at present and returning end of next week. Stop. Unexpected early signs of stunning prospectivity of deposit. Stop. Preparations underway for early release of significant upgrade of deposit with multiple unprecedentedly-large, high-grade coal seams encountered. Stop. Commercially-viable permeability levels confirmed. Stop. Expected release of detailed statement on our return. Stop. Anticipate capital raise next year on multiples of current share price price. Stop.
Ann: Drilling update, page-164
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