RE: RE: RE: coal subject on BNN-commodities rptThey (SouthGobi) are also predominately (55%) involved with METCOAL... 8Million Tons/year production potential...
But their SP is pretty salty... and too new to wager on...
$20Mil for exploration per annum...
$2Bil market cap... 80% owned by Ivanhoe...
Chinese Gov't could convert the debenture and dilute the stock another 25%...
Overall, that interview didn't mean a helluva lot as far as NAG is concerned, however...
I've noticed that Mongolia is becoming a KEY resource nation in Asia now...
they have the REEs, Uranium, Copper, Gold... etc etc...
And with them lifting those crazy taxes in October (thanx in part to Jean Chretien, I bet), that nation is going to become a key player over the next few years...