RE: Re John LeeI agree with most of what you wrote. Yes, Mongolia is high risk and the risk is even greater given that we need to deal with China and Russia. It is not wishful thinking however betting on these projects moving forward. Of course Mongolia will try and extract the best deal for itself. But in the process, Mongolia must allow PCY to have a reasonable chance for profitability otherwise it will scare away the hundreds of other potential investors already lining up at its door to do business in the country. Both sides can profit handsomely. As investors (or speculators) in Prophecy we also have a nice hedge in place called NKL which has nothing to do with Mongolian politics. I like the risk-reward scenario here but I have no illusions that this - or anything else in the marketplace - is a sure thing.