0.5 tJ seems about average but I'm hoping for a surprise to the upside. Hard to price gas in Mongolia as there is no straight gas market. It gets converted to electricity which is the saleable item. 0.5tJ yields about $1m per hole per year which equates to the capital cost of each hole. Of course these are all very fuzzy numbers until the production trial is completed.
TPD Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held