SouthGobi Resources Ltd V.SGQ

Alternate Symbol(s): SGQRF

Energy

SouthGobi Resources Ltd. is an integrated coal mining, development and exploration company. It owns a 100% interest in the Ovoot Tolgoi open pit coal mine (the Ovoot Tolgoi Mine), and in the development projects, the Soumber Deposit and the Zag Suuj Deposit. These projects are located in the Umnugobi Aimag (South Gobi Province) of Mongolia, all of which are located within 150 kilometers (km) of each other and in close proximity to the Chinese-Mongolian border. The Ovoot Tolgoi Mine, strategically located over 40km from the Shivee Khuren-Ceke crossing at the China-Mongolia border (Shivee Khuren Border Crossing), is its flagship asset. The Ovoot Tolgoi Mine has two distinct pits: the Sunrise and Sunset pits. The Soumber Deposit includes 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 over 150km east of the Ovoot Tolgoi Mine and over 80km north of the Mongolia-China border.

TSXV:SGQ - Post by User

SouthGobi Resources Ltd

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Post by jims101on Jan 27, 2008 4:31pm

155 Views

Post# 14269899

Where is the permit to mine?

That's the last step in the approval process which should have been granted sometime in December... "Once these technical documents have been reviewed and accepted, a Permit to Mine should be approved by a Commission appointed by the Government Ministry in charge of geology and mining." I have read that press release many times....it's the Permit to Mine that is still outstanding as far as I can determine... And yes I saw SGQ's inclusion in the coal ETF And yes I'll agree that the financing was better than many others without the warrants, but done at a fairly good discount to present prices... And here in fact is the Coal ETF....up for the week.... https://stockcharts.com/h-sc/ui?s=KOL&p=D&b=5&g=0&id=p90708567233

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