Sth Gobi web notes that 89% of their 'worth' is based on the Ovoot Tolgoi licence zone. That equates to a mere $1,160,000,000 (sorry - looks better than $1.16 bil), for this zone alone. Also noted the huge seams well under ground.
Now this is our 'secondary' concern, given our 'higher find' up in Ovoorhangay! If the secondary zone is any guide, our new 'greenfield zone' could more than put us on the map. I couldn't find too many licences in this zone.
There is a link where the Mono Gvt are planning to construct a power station at the existing town / mine : http://www.keei.re.kr/keei/download/seminar/080703/s3-2.pdf When I checked this site: http://mongolec.org/wp-content/uploads/2010/12/Day-to-Day-details-of-expedition-final-with-maps.pdf page 3, I note that the Bayanteeg Coal mine is at the base of the hills; our licences are out in the plains, more likely to hold the coal volume ME's looking for. So, as SR suggested, the value of our co could end up in the high rankers before too long ~ imo! Out of interest, Peabody is a $11 bil Co, Winsway, some $1 bil Co.
Cheers :)
CEO Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held