Oh, nearly forgot the best part of your post:"Profit sharing pro...

Oh, nearly forgot the best part of your post:

"Profit sharing pro rata must be taken into account if a JV structure for project realiaztion/funding is going to be established. Given a 50:50 JV-funding structure Moduns possible profit p.a. would be approx. the current market cap. Profits from raw coal sales not included."

How convenient you leave out your "Assumptions" of Moduns core profit and most valuable assumptions, Coal sales to neighbouring China!

I take it you failed to assume these numbers because, these numbers would make your assumptions of MOU profit on the very small part of the MOU business model obsolete!

Modun is ticking all boxes in my opinion and that is why I'm holding long term.

We have a smart and capable board of directors and not to mention the right people on the ground in Mongolia!

I suggest you read their profiles on the modun website, very impressive.

I get what your saying, don't get me wrong but your assumptions are very ambiguous, yet for someone that holds no stock you seem to spend a lot of time working on your assumptive numbers here.

Do you own shares in MOU? Do you?