brown coal may be ok., page-2

It is the price you get for it. Roughly: brown coal $120/t, soft coking coal $250/t, hard coking coal $300/t. CEO has soft coking coal, probably 12km strike on one licence, and another 7 licences maybe of the same. CEO licences are in Overhangay and S Gobi, where mainly soft coking coal is found.

All we need is the sale and purchase agreement to be officially signed. According to recent announcements, it should be in the first or second week of August.

Meanwhile, 11c is holding up, and opportunity for top up at 10c seems to be remote.