Discussions continuing with leading energy offtake partners in both China and Mongolia with the aim of expediting project development
TMK and TPD are too small to pull this entire project off, they will need a Petrochina or similiar to come in inject cash to unlock it quickly. I always felt that TPD would sell their stake to Petrochina and Colby has the "For Sale" sign up as of a month or so ago. So, if not Petrochina, somebody else is highly likely if the Pilot Well program is a success.
If we could keep a modest affordable stake, or if completely out, negotiate an ongoing royalty on top of a sale price, that would be good IMO.
TPD Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
