I might be overly optimistic, even when Southgobi project is completely empty, the nice thing is they are there in Mongolia (resource powerhouse that is only 10 % explored) and building contacts and learning how to operate there. There are now probably only 10 ASX companies with operations in Mongolia. Also, Western companies have political edge over there compared to other companies due to their good reputation, caring for environment etc.,. They can pursue other projects next year and who knows maybe find next OT or TT?
NRU Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held