With Mgt increasing their holding, guess the market may be inspired in due course.
Meantime, we have news that our South Gobi Licence neighbour has resumed mining operations.
http://www.southgobi.com/s/NewsReleases.asp?ReportID=577319&_Type=News-Releases&_Title=SouthGobi-Resources-resumes-Ovoot-Tolgoi-Mine-operations
One major observation on their Home page, is the prospect of our licence region - most like the Nth Qld Bowen Basin ~ quote:
" Importance of the Ovoot Khural Basin:
*Permian-age coal bearing basin only 40 km from China
*Coal identified over 150 km strike length
*Land equivalent to prime hard coking coal region of Bowen Basin in Australia (largest seaborne coking coal exporting region today)
*Rail infrastructure and coal loader constructed by Chinese to access "
An extract from South Gobi web :
http://www.southgobi.com/s/OvootTolgoi.asp
Expecting up-date in due course, but can somehow understand the new push for proving up this 'neck of the woods'.
Cheers :)
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