RE: no value " I see allot of posts from people wondering why the market is giving no value to the coal and, in my opinion its simple, the coal has NO value. Chandgana has no value until this company achieves the monumental task of raising hundreds of millions of dollars because this coal is worthless without the power pant (not feasible to ship to market).UO is a money pit that produces no revenue..."
I disagree.
Even if the power plant is never built and coal is never sold from Ulaan Ovoo, work to date on these properties has increased their value. Ulaan Ovoo and Chandgana are fully permitted, licensed and proven resources. If PCY were to be acquired, a premium would be had for these properties "as is".
Not too long ago, the coal at Chandgana was infact worthless. With the power plant permit, however, that coal now has value.
Instead of saying the coal has no value, I think a more fitting assessment is that to date, the coal has no revenue. Revenue, afterall, is the driving force that unlocks value. That or a buy out offer.
To close, we are waiting on the PPA and EPC Contractor to be announced. The news we all really need, however, is a profitable off-take agreement in regards to Ulaan Ovoo. Included in the PPA negotiations, I'm hoping that this includes opening the Zheltura border post. I think it will and provided long over due revenues are in fact realized in regards to UO, investors will respond favorably to the stock price. Even if its just a mine gate sales model where we load up Russian trucks who cross the border. When you think about it, PCY is proposing to build a power plant to meet the demand of Mongolia's growing electrical needs. Surely they can toss us a bone, build a shack and open the Zheltura border post. Russia built their shack and agreed to staff the same. Hence, I really do not get what is holding things up on Mongolia's side. As some have proposed in posts previously, Mr. Lee would no doubt be willing to flip that bill as well. In regards to all of us here, I'm certain we would all be willing to take turns in to staff the same. So yeah, if you want a power plant, open that darn border.