"June 2010 Winsway and Peabody Energy entered into a 50-50 joint venture which holds over 50 coal licenses in Mongolia". Notes in a deal with the vendor of coal licences, to provide a 1% royalty. Also notes, amongst other zones, 25 licences in the South Gobi region! That's half the licences it has access to.
Winsway needs to focus on transportation out of Mono, and my guess is it is happy to off-load this initial exploration and development to the likes of our Team, to allow them to push ahead with gaining volume of sales. End market appears to be the focus, not mining!
Appears to be a company of great repute amongst the Mono giants. Check for your self (dyor).
Cheers :)
CEO Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held