Hi Guys Asf AKM have three large tonnage projects that can use...

Hi Guys

Asf AKM have three large tonnage projects that can use the proposed rail link. The mongolian rail alliance that the company has created has these companies forming apart of the group and hopefully part of the funding for the use of this proposed rail line. This doesnt include the likes of XAM and their JV projects with Nobel, one of which would benefit from the rail line (Nuurstei Coking Coal Project) which I believe will bring further tonnage to the rail line.

The company was looking at several market routes, the ones i can recall from the top of my head are.

#1 Through Russia to Western Europe
#2 Transiberian Railway to Russian steel mills
#3 Eastern Seaboard to access Japan,Korea etc
#4 Access Chinese market and steel mills

Got to agree with comments from uproared, jovanco and DDZx this share is not risk free and volumes have not been above average especially considering the newly issued stock that added to the free float. Anyway lets hope we see an update on drilling and hopefully so more good strikes. GL to all holders

GB