J.Lee & coal project"Coal futures remained above $120 a tonne, the highest since October 2011" https://tradingeconomics.com/commodity/coal In
October-December 2011 ELEF ( former Prophecy coal) was traded at ATH price of $12,5 with market cap of about $250M. It's just with the one Ulaan Ovoo coal project in Mongolia.
Now 10 years later with the same Ulaan Ovoo coal project ( invested only in coal >$80M ) and with additional "green" projects from last years (Vanadium, Nickel, Silver: totaly invested >$100M) ELEF is valued currently only $50M.
Mr.Lee, what is wrong with your management? You jump from one project to another. Can you please bring finaly one single project to the success?
P.S. it's from MD&A 2020:
"In accordance with relevant laws and regulations, mining feasibility study and detailed environmental impact assessment had to be updated for the Ulaan Ovoo Property. With the COVID-19 restriction, the approval was delayed but the update of the Ulaan Ovoo feasibility study was approved by the Minerals Resource Council on April 22, 2020, and by the Minerals Resource and Petroleum Authority on November 2, 2020. The Company is working to get approval for the update to the detailed environmental impact assessment for the Ulaan Ovoo Property."