RE:Q&A with Lee regarding coal project in Mongolia90.000 ton coal inventory can be assessed with about 2.7 million USD
if sold to China via Erenhot border point proceeds of this inventory coal could be 13,5million USD
if ELEF manages to produce 30.000ton per month coal and sale them revenue could be about 4,5 million per month or 54 million per annum
thermal coal ( 5000kcal) is trading at Mongolian-China border at 150$ per ton.
production cost plus hauling to Sukhbaator railway station + loading = 30USD
shipment to Chinese border 50-60USD
Commission, royalties, taxes - 20USD
Profit about 50USD p.t. is possible or $18mio on annual basis.
BUT
Never trust John Lee & Co til all these results are delievered.
.