Now STGO completely kicks off MSE...https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html 5% discount rate for either US or Singapore with stable Equity Risk Premium, not for Mongolia.
ERD rose millions of dollars from MSE from 2nd tranche financing programme. And it's dual listed in both MSE & TSX.....Where is STGO's small cap IPO?
BFS shows STGO completed kicks off MSE at this point. Well, it's not like a 100% Mongolian company.