BGL 2.15% $1.59 bellevue gold limited

valuation, page-9

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    Some research.

    Mongolian Mining in June paid $464.5 million to acquire the Baruun Naran mine in Mongolia from Kerry Holdings Ltd.

    Some facts about Baruun Naran
    4,486 ha and estimated resource of approximately 253 million tons of measured and indicated coal resources and 193 million tons of potential open-pit mineable coal.
    DRG has 62,500 ha across the 8 licenses. The potential is significant.
 
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