South Gobi - agreed , that's good real estate; in the area we have peers listed on the HongKong exchange with market caps in the Billions; South Gobi Resources target 400mt - market cap $3 bil; Mongolia Mining Corp - target 500mt - market cap $5 bil;
Although they hoping for coking coal, just remember there is lots of thermal coal laying around there also so no safe bets; thermal coal is good quality though.
Ann: Mongolian Coal Acquisition , page-6
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