RE:RE:RE:Different nowSaikhanbileg sounded like a typical gov't spokesman. Nothing much has changed in the year since he gave that speech. Just like we expected more when Ganbold was made Erdenes director but got diddly squat. The GoM is like the abusive spouse that promises things will be different this time. Only the foolish or those suffering from battered-spouse/investor syndrome will buy it.
What we've got is an operating mine that's cashflow positve. Q3 #'s should be strong but is there enough to resume Phase II expansion without financing leverage?
Until the political situation resolves itself in MGL or a strong leader emerges TRQ will oscillate between US$3-4. IMO