Ann: Notice of Annual General Meeting/Proxy Form, page-5

cheers @Sagitar

USD215 may be a little over valued just based on some of my own research. i could be wrong though.. The price seems to be stablizing around the AUD170-190m/t mark currently.. which is a better forecast than earlier in the year when it was said to be heading to AUD140..
also splitting hair but thermal coal and coking coal are different. thermal coal is the dirty coal mainly used for power and heat, with a different burn rate and produces alot more smoke than coking coal.. Coking coal is the more sort after of the two and equates for only bout 4% of all the coal in the world mined, thus having a better price tag on it. and good for us Ovoot is 100% coking coal. If you look back @rose3014 put up a chart a while back out lineing some of the costs/margins/taxes etc. involved with exporting coals. ill post it if i can find it.  
In saying that china is having a very big push atm  for a 'Blue Sky program'  which is to shift to cleaner less poluting styles of of steel production. This could also play very well in our favour by time of prodution too.

Hopes for Mongolian coal soar as China reaches for blue sky

3th of 10, 2018
In his speech at Coal Mongolia 2018, Yang Xianfeng, Director General of the Economic Operations Department of the China National Coal Association, asserted that the Blue Sky programme in China is opening up vast opportunities for Mongolia’s coal exporters and hoped they would make full use of these.

The peak phase of Chinese steel production ended at the beginning of 2015, creating the need to recalibrate supply and demand in the steel, metallurgy and coal sectors, all three of which had operated to full capacity and beyond it during the super cycle of the minerals market. China began restructuring and adopting policies aimed at reducing excess capacity and to close down less efficient factories. Along with these came measures calling for green development, to be achieved by upgrading production methods and radically reducing greenhouse gas emission. If 2016 saw the policy finalised, 2017 was the year when rules and regulations were put in place and their strict enforcement has become the standard in 2018. This is the Blue Sky programme, formally approved in last June, which, as it brings down the level of pollution throughout China, is expected to have a significant impact on the export of Mongolian minerals, especially coal. China’s three-year action plan to “protect the blue sky” has much to do with the coal and coke market, and this should offer new opportunities for coal from Mongolia, also known as the “Land of Eternal Blue Sky” (Munkh Khukh Tengriin Oron). "