Great analytical work james!
TVN is still drilling several holes. over 1400m currently being drilled.
We must also note the importance of the location of TVN's tenement. It is next door to an excisting peabody mine as well as tennemenets in which they are actively exploring.
It is close to infrastrucutre which includes rail, power and water, all the right ingredients for a quick start up while keeping costs low.
I have taken the time to go on google maps and looked around TVN tenement. I have seen many mines in operation surrounding our tenement. CHeck it for yourselves.
One important aspect which most ppl have overlook is the governance of mongolia. Mongolians are not happy that its natural resources are being taken away by foreigners which i say is fair so they have banned the granting of new exploration licenses till the end of 2011. So it is great credit to the management team at TVN to be able to strike a deal given the circumstances.
I cant wait till we get those 100m+ coal seam assay results. and more drilling cores too.
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