New Research note on Jade, page-3

So Jade is an interesting company which, if they can deliver, will bring huge benefits to Mongolia. Mongolia is reliant on coal to generate electricity and they import gas from Russia at 3 times the open market price, due to the huge cost of transportation. They have confirmed 1TCF of gas and if they can get the funding to extract the gas the share will do well. As Mongolia wants to reduce its carbon emissions due to high coal utilization. Excellent management team with a great track record of delivery and the executive director Joseph Burke has experience in working in Mongolia with great results. So time will tell but am very bullish on this share.