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SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s):  SGQRF

Energy
SouthGobi Resources Ltd. is a Canada-based coal mining, development, and exploration company. The Company holds six mining licenses in Mongolia. The mining licenses pertain to the Ovoot Tolgoi Mine (MV-012726), the Soumber Deposit (MV-016869, MV-020436 and MV-020451) and the Zag Suuj Deposit (MV-020676 and MV-020675). The Ovoot Tolgoi Mine, strategically located approximately 40km from the Shivee Khuren-Ceke crossing at the Chinese-Mongolian border (Shivee Khuren Border Crossing). The Ovoot Tolgoi Mine has two distinct pits, namely the Sunrise and Sunset pits. The Soumber Deposit, comprising the Central Soumber, East Soumber, Biluut, South Biluut and Jargalant Fields, is located approximately 20km east of the Ovoot Tolgoi Mine. The Zag Suuj Deposit, located approximately 150km east of the Ovoot Tolgoi Mine and approximately 80km north of the Mongolia-China border, lies within the administrative units of Noyon and Bayandalai Soums in the Umnugobi Aimag (South Gobi Province).


TSXV:SGQ - Post by User

SouthGobi Resources Ltd
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Post by fibonnacion Dec 17, 2023 10:05pm
112 Views
Post# 35789153

China deep freeze and storms…..

China deep freeze and storms…..

Are crippling the country recently. 

Thermal prices spiking and mongolian coal miners all at multi year highs. 

Would be nice to see sgq get some volume on the tsxv this week to match the trading overseas. 

Regardless feels like the run is going to continue on these mongolian coal stocks. Glta

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