A very positive announcement showing how closely MOU is working with the Mongolian government. The mining licence cannot be far off and when issued I’m very hopeful that a joint venture/funding will be announced at the same time or soon after. They have had lots of time to organise how to proceed the development. Tennant Metals was lined up ages ago as the off-take partner (sales outside Mongolia), and MOU appointed Darambazar as a director, who is president of a leading Mongolian bank that structures govt/business ventures. They’ve been in a holding pattern with about $1.3m left in the kitty. Issue that licence already.
LVT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
