Assuming they are still getting $15 a tonne profit, they've turned a nice little profit for March. Looks like Mongolia is on its way to being a nett contributor to the coffers this qtr. Perhaps the CHPP is a nice prize, but its easier and quicker to dig up coal and sell it, as is, and get some momentum in the SP without taking on debt. Now an update on finance at BA should give this a deserved kick in the ass and forward momentum.
Ann: Mongolia Record, page-2
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