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

Bullboard Posts

Post by jims101on Apr 18, 2008 5:18pm

106 Views

Post# 14987137

Selling more stock??

500-800 million, that's a lot of cash...Is Ivanhoe further reducing its stake, or is this additional equity coming into the company and for what purpose? Is that much money needed to begin development of mining of resources?

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