Let's give it time. See comments below and further at the same...

Let's give it time. See comments below and further at the same address.
________________

http://www.proactiveinvestors.com.au/companies/news/29622/aspire-mining-delivers-positive-pre-feasibility-study-for-ovoot-coking-coal-project-29622.html

"Aspire Mining (ASX:AKM) has announced a Pre-Feasibility Study (PFS) for the Ovoot Coking Coal Project that has defied naysayers with positive parameters, delivering an internal rate of return of 43%.

Xstract Mining Consultants Pty Ltd confirmed that Ovoot is financially robust and technically and commercially feasible.

What drives the positive economics, in fact the keys to the project, are the LOM 82% average conversion rate of ROM tonnes to product together with a low LOM strip ratio of 7.6 bcm of waste per ROM tonne of coal including pre-strip.

The PFS assumes completion of the Multi-user rail line extending the Trans-Mongolian railway at Erdenet through to Moron by 2016. A separate Rail Pre-Feasibility Study for this line has been approved by the Mongolian Rail Authority.

The PFS was based on Probable Coal Reserves of 178 million tonnes, which ranks Ovoot as the third largest coking coal deposit in Mongolia, by reserves.

Significantly and as a pointer to the future, Aspire to date has only explored 20% of the Ovoot Basin.

Analysis

In just over two years, Aspire Mining has defined a globally significant coal project capable of producing high quality coking coal to meet long term regional consumption requirements.

There is potential to partner with major off-take customers (steel producers) to assist with financing the Ovoot Project.

In the current risk averse macro market today's PFS may not gain the traction that it might. There may also be a lack of knowledge of key aspects of the Ovoot project.

What adds potential spice to Aspire Mining and parts of the market may have missed is major shareholders Ivanhoe Mines / SouthGobi Resources sitting on the doorstop with 19.9% and Noble Group with 5%."
____________________

Maybe by using an IRR - without a big $NPV (and an imputed SP) - the PFS hasn't sold itself as it might have done. At the moment, the SP needs some positive exposure in the press; later, some news of possible partners. It may not move much without that.

And remember, the people it's got to impress aren't in Australia.