Mongolia Coal Corporation more than tripled in value, page-3

Interesting and very great comparison @Blade2008 Aspire has so much potential. It just need to turn the wheels and get started!

Mongolian Mining Corporation (MMC) is obviously already in production and further down the track, but it shows where we should be headed over the next few years.

Aspire is a multi-bagger in the making (IMO). These figures are so back of the envelope, and based on website info. So anyone please chip in with the more accurate numbers and reserves.

Let'e examine the competition to see why she's a multi-bagger:

• MMC has 2 coking coal mines; Aspire has 2 coking coal mines.
• Both companies have mines with high quality coking coal
• MMC has 680Mt of Jorc compliant coal resource; Aspire has ~294Mt of Jorc compliant coal resource (Ovoot + Nuurstei)
• MMC market cap 3.4 billion; Aspire market cap 47 million (MMC is currently 72x Aspires market cap)

Given that we seem to have just under half of the Jorc complaint resource (~43%), that means that our market cap could potentially reach 43% of MMC's.

That's gives Aspire a market cap of ~$1.46 billion, which is ~29 times our current market cap. Personally I'd be happy with a Disallowed, but there is potential for so much more!

A few notes below ...

https://aspiremininglimited.com/ovoot-coking-coal-project/

The [MMC] UHG deposit had around 680 Mt (as received basis) of JORC-compliant measured, indicated and inferred resources as of 31 December 2016 and 313 Mt of ROM coal reserves as of 1 January 2020 respectively.
https://www.mmc.mn/pages/about-us