RIO aren't converting their current coal mine to gas IMO. The even thought of that is ridiculous.
RIO is circling tho, in my opinion. RIO have infrastructure and huge contacts already in place in Mongolia that full exceed EXR's.
Byambasaikhan Bayanjargal (EXR management)
"Mr. Byambasaikhan was the Chief Executive of Mongolia’s sovereign investment company, Erdenes Mongol (EMGL), where he led the signing of a US$4.4B project finance deal with 20 international banks to finance the Rio Tinto operated Oyu Tolgoi underground mine construction, estimated to cost US$6B. "
All the information is there for punters. Why hire a guy who has Government and RIO connections.
Just have to connect the dots. Severe wealth can be potentially made.
Good luck to all. Do your own research all.
Announcement Monday, page-9
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