@PubLunchMan Worth mentioning the tariffs below meet financial...

@PubLunchMan

Worth mentioning the tariffs below meet financial return requirements

This tariff both meets the minimum financial return hurdles and provides for a competitive transport cost for Ovoot Project and Nuurstei Project coking coal into end markets.


http://www.*.com.au/upload/CKEditor/AKM%20table%202.JPG





ALL ABOUT THE PRE DEVELOPMENT CAPITAL - via CGGC deadline which was was originally 15th May but we needed to get the feasibility finished, reviewed

CGGC paid for feasibility costs as we know and will be the KEY to railway funding

So we are basically waiting for approval by Mongolian Transport Authority and then funding approvals and lead time into spring, March to June 2019 construction can commence ( based on current timelines, we are still on track to commence funding in March 2019 in Mongolia )

Off take agreements are also important to identify railway capacity , very close - this is necessary to trigger those capacity numbers so there is confidence on railway funding then revisit those negotiations - so get the funding approved , then get those capacity agreements and BOOM

Lots of M & A activity in the coking coal we have had multi billion dollar transactions with RIO assets and valuations going up on Coking coal production assets and players like Glencore know the market well , are major buyers ,and not just China markets but Japan and Korea etc

we are also working on plans to bring forward production on OVOOT which is our giant project where the 10 MTPA will be realised $$$$$$

GLTA