furniture - print my post out if you like and stick it on your...

furniture - print my post out if you like and stick it on your wall...for reference come 30 June 2012 :)

I think we will hit the magic $1.25 by that time next year, on a diluted basis and inc. capital raisings along the way, if:

1. coking coal and quality is confirmed at Ovorhangay
2. deposit starts to shape up as one that could be holding several hundred million tonnes of the stuff - a little too optimistic too early to be holding out for 1Bt
3. JORC resource and feasibility study completed for Ovorhangay coal
4. coking or PCI/SSC coal at SouthGobi, that again starts shaping up as a deposit holding several hundred million tonnes, JORC resource and feasibility study completed

Currently, 678M shares diluted, add an extra $20m for extra capital at 15c to 20c, that takes me to 778-811M shares fully diluted

If 1-4 pan out as I see them, a $1Bn+ Mongolian coal company by 30 June 2012 is my target, that equates to ~$1.25/share (fully diluted)!

Anything in Indonesia is a bonus :)