RE: Ulaan Ovoo - Pre-Feasibility Study"The MOU deal at $35 and the wording of the news release is not that great in my opinion."
The MOU established a "meeting of the minds" as to minimum price levels and tonnage over a three year period and provided some general information. The higher impact news release that will provide greater detail can be expected in 30 days (ie: early Feb or thereabouts) when a final agreement is reached. Til then, I caution putting too much emphasis on the min amounts indicated other than to say there will be no final agreement below these levels.