Interesting times!
I realise comparing with 'peers' can be misleading, if comparisons are not consistant.
If Teeg can get a deal done on commencement of mining, with the Bayanteeg Mine 5 or so K's away, + all infrastructure on hand .... ?
Need funding? News from yesterday:
"Beijing investor offers $100m to Coal of Africa for quarter of equity"
http://www.mining.com/beijing-investors-offers-100m-to-coal-of-africa-45487/
Guess Mono Gvt need to approve any cross-border funding initially, but funding IS available.
Now to couple of peers:
GUF are commencing mining (70% holding in operation) at Sth Gobi; market cap $215m +
BTU have a 75 m/t resource (similar), and are mining: m/cap $304m +
So get the ship to mining stage, and the outlook is totally different to the current sentiment, imo!
If ME was hesitant, then this change is a positive.
Having the Coal consultant, office staff, and others on-board, oh, and some $7mil in cash (assuming Trinity value in hand), bades well for the future.
The Sth Gobi potential, may even be assisted by a J/V with GUF, if our drilling - when it eventuates - comes up with similar coal to their licences!
Just some thoughts ...
Cheers :)
to mine or not to mine
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