global coal demand on the rise, page-2

Another snippet to add to the info:

""Over the next decade, coal is expected to fuel more incremental electricity generation
than natural gas, oil, nuclear, hydro, solar, biomass and geothermal combined. Nearly 400 GW
of coal-fueled generation is under construction around the world, representing 1.4 billion tonnes
of annual coal use.""

Guess we are in the right mining focus with CEO.

Also, on the 'seam' in coal mines, I noticed on several other global mining co's photo library, that their licences have more a vertical seam, with appropriate mining equipment required.
Mongolia's appear to be a horizontal persuasion, checking mining methods and company presentations.

Sounds like the ole excavator extraction is by far the most economical method of extraction, and with a seam of 30 - 40 metres thick (say 9 - 11 storey building as a practical comparison), at this initial drill depth, bodes well for a quality mining licence going forward.

IF down the track, CEO can extract the coal as current practice, with income of anticipated $60 p/t, and cost of around $25 p/t, for each 1 mil tonnes mined,
income = $60 mil p/a;
profit margin = $ 35 mil p/a.

Depending on resource size and mining methods, we could match the other Mono miners anticipated 5 - 12 m/t p/a.

The potential calcs are promising.
At this early stage, the risk is that there is no resource.
Dyor :)

With the mining process, one requires sales. Mark (Trinity) has these credentials from what we're informed; which ought to reduce this risk aspect of the mining plans.

On the funding, my thought is, based on the other global co's input to the Mono story, funds will be available should the resource stack up. We may look to the next day / week / month / year; China is well known to be planning 5 - 20 years from now!
Whoever will be involved, will be commiting to a medium to long term investment, imo.

Cheers :)