Current pricingOn one subject I agree with Miner. The market cap of IVN is now high enough that the market wants to see some income before the share price can reflect the true value of the deposits. Therefore, from a shareholder's point of view, the main thing to focus on now is coal. If a substantial income stream can be developed within the next 5-9 months from Narin Sukhait or other coal finds, then the price will really move.
In other words, I don't think the market will favor a 10 billion market cap (approx. double the current value) without a substantial income stream. Accordingly, I think the full value of OT is priced in as much as the market will allow and updates on resources and even the final approval of the GOM won't make a big difference.
I'm hoping the GOM adopts a two-tier approach to coal resources. Certainly they want to develop their economy by building plants and supplying China with Power rather than just raw materials, but if they insist on doing this with all deposits (particularly NS) that would be very inefficient. Companies should be permitted to sell coal directly from smaller deposits near the Chinese border, particularly if they are contributing to capital development on other fronts.