signs first coal project in mongolia..ripper

announcement just out tells a nice story for NRU. They have securied a great coal deal close to infrastructure in Mongolia. The coal is outcropping, open and extensive across surface. The management have clearly got a solid footing into Chinas coal needs now with a number of other resource projects under review to add to the companies expansion. The company has taken months to grab a solid deal and this won't require a placement for the work to be done as they raised money before hand. NRU is capped at less than $6m with approx $2m in cash and a quick exploration program coming on line. I also think that coal stocks have been killed in this market. They really only have upside now. I just read an article in todays fin review saying coal stocks are outstanding value given the recent oversold outcomes.
I now also fully expect NRU to build a large coal/resource base in Mongolia. dyor.