RE: Article re-post:Two notes of interest in regards to this article/write up:
1. More defined timeline of events:
"The next steps for the company before it can bring the project into production include completing a feasibility study, which it anticipates by the end of the year, to be followed by a power purchase agreement in the first quarter of 2012.
Prophecy then hopes to conclude project financing negotiations in the third quarter of next year and start building the Chandgana power plant and the mine that will feed it in the first quarter of 2013."
2. Comment on Ulaan Ovoo:
"In addition to the Chandgana project, Prophecy also owns the Ulaan Ovoo coal mine in the north of the country, where it plans to strike a deal to sell the coal to Russian customers."