Great presentation posted yesterday! Mgt appear to get very interesting data, such as the growth of China's coal power stations; such as the rating Hunnu have against other peers; etc. Worth the read.
So pls correct me if reading the value incorrectly, but with 414 m/t JORC, x $300 t = $124 billion in income potential? AND we're looking for more! Have I calculated correctly?
Then we check the other 3 companies noted - assume to be correct - when dividing their cap value, by hunnu's share total (242.1 mil): Mongolia Energy value noted = $5.70 eq HUN; Sth Gobi Reso value noted = $12.32 eqivalent HUN; Mongolian Mining value noted = $19.52 eq HUN. Once these 'peer co' values are calculated, no-wonder s/p is gaining ground rapidly, imo. Pls correct me if figures are wrong!
China on it's door-step, HUN's in for the long haul, and great potential divi's? Production anticipated to commence 2nd half 2011.
Cheers :)
HUN Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
