Hard to see much downside from the current price of 1c (even...

Hard to see much downside from the current price of 1c (even after the recent increase).

$3m cap, $1.7m cash and a possible $4.5m due from the final sale payment ($3m USD @ 0.68c) and the possibility of a further $3m from production royalties. Even if nothing happens for the next 12 months in the court process, you still upside from new acquisitions and the possible sale of the Mongolian Coal project which they had under agreement for $1m USD before it fell over in January 2019.

They also have a claim against the Mongolian Government which the Administrative Court has agreed to open an administrative case for (after the recent court action went against the company).

With the court processes now underway, its time the directors focusses on a new project for the company and deliver something. The directors do own 20% (not including GTT) of it directly and have plenty of unlisted options expiring at June 2020 and December 2021.