GMM general mining corporation limited
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re: Ann: Acquisition of Uvs Basin Mongolian C... 15206X is a...

  1. defplayer
    3,134 Posts.
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    27/09/11
    13:04
    Post #: 9016288
    re: Ann: Acquisition of Uvs Basin Mongolian C... 15206X is a very small area compared to the adjacent 14404X licence that it already owns. US$800k to purchase it. Find it hard to believe it is just coal, given that the 14404X is part of the Khuden coal Basin, GMM will find plenty of coal there. I have to agree drilling has turned up something interesting that necessitates buying 15206X.
    GMM Price at posting: 14.1¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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