RE: My Opinion You are kidding about the $1 billion valuation for Xstradas portion of the mine... right? They will be lucky to get 300 million for their 75% and if you dont belive me, then please look at the mcap of ERD. The Mongolian assets are great and i agree its a long-term hold, question is what would you rather have: 25% stake in an unoperational coal mine with no intentions for start up or Mongolian assets with no financing? This is how i come to my conclusion that the stock is worthless, i have some and dont look at it as i feel this is a sunk cost to educating myself. I would love to exit my position at anywhere north of .50.
It was a great story but thats it.
Sorry boys