RE: The elephant in the room. I beleive they will require about 0.08 per kwh, to cover the suggested 10% interest on the siazeable loan.
In addition, that would allow for a higher coal price, as the Chandgana Mine will need cash to pay for its development and operating costs. In any event, I feel that they need more than $15.50/tonne for the coal.
Will the Power Plant be JV'd?. If so, the contract must be iron clad, as 2% annual rise in the coal price might be a stumbling block,especially if the JV were terminated in the future.
If they get 8 cents per kwh, the money will stay in Mongolia. Mongolia can give subsidies to their working and needy citizens. In the end it will pay off.