Wang it comes to a stage though that the sellers dry up at these levels especially when the buyers just seem to snap up any decent parcel. A lot of drilling from april jorc in 3 months mining by 2011. You just have to read what the costs are compared to Australian 46 dollar compared to 15 dollars per tonne for a finished product, transport costs are cheap. And for me even though its listed on the ASX I sure it will be beneficial to have a Mongolian national as CEO especially one with experience in coal and someone to navigate the internal politics. With all the on ground staff being Mongolian to I am sure it give HUN a head start. As even though I don't like nepotism I am sure its who you know not what you know in small countries like Mongolia. But for your own interest google and see who is taking a stake and wants in, I am sure you won't be suprised to see the heavy hitters of the mining industry taking the cream of the tenements
HUN Price at posting:
45.0¢ Sentiment: None Disclosure: Held
