Some potential avenues for PCY...
How about selling the PCY's interest in “only” the 600MW -part of the- Power Plant to a cash rich operator., but with PCY holding the 100% option to build the other (3600MW – 600MW) or 3000MW of future power generation.
PCY can negotiate a coal price to ensure an initial minimum of $25 tonne clear profit on Chandgana Tal coal sales and have earnings of $67.5 million on coal sales. With my estimated mining costs at roughly $10 tonne, $35 a tonne supplied to the Power Plant doesn't seem to be excessive.
Any estimates on what she might receive from the sale of a 600 MW Power Plant License? Additionally she will still have the NKL interest.
She might later take funds from the Chaandgana Tal coal sales, plus possible future sale of NKL shares to develop the recently bought coal interests, plus plan initial approach for the 3000MW at Chandgana, even consider a Power Plant at Ulaan Ovoo.