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.

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SouthGobi Resources Ltd

Bullboard Posts

Post by jims101on Jul 23, 2008 4:13pm

102 Views

Post# 15322641

Unchanged is pretty impressive

In this wholesale climate for resource stocks, unchanged looks pretty good...I sure am anxious for some news that sales and deliveries have commenced..

BTU reported earnings today well ahead of estimates and was down...Taking the quarter finished and multiplying by four to get a one year total and dividing that by the current share price and one comes up with an 18 PE,

Fording Coal reports after the close.

Herb, thanks for keeping up our collective spirits...

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