From Todays meetinghttps://seekingalpha.com/article/3175526-turquoise-hill-resources-trq-ceo-jeffery-tygesen-on-q1-2015-results-earnings-call-transcript
Orest Wowkodaw - Scotiabank
Just wondering if you could provide any color in terms of negotiations with the Mongolian government in terms of what areas are still left to be resolved. I know you want to get into specifics but if you could maybe just provide any color in terms of what’s left in order for Phase II to move forward?
Jeffery Tygesen - Chief Executive Officer
Orest, this is Jeff, I’ll fill that question. As you may or may not know, we’ve been in discussions for a period of time. And what we’re trying to conclude and finalize our some of the more technical questions related to stabilization of the original investment agreement with relation to tax. And that’s where the times being spent is to make sure and I think the Prime Minister has quoted recently as saying that “his technical team needs to make sure the agreements that we reach are sustainable for a long period of time and then we just don’t reach an agreement and then find a technical issue that might crop up later. So it’s spending their time and that level of detail to ensure that basically all that's crossed eyes dotted but it’s getting into the details of the tax calculation.
Orest Wowkodaw - Scotiabank
And as it your view that if ones the tax sort of agreement is stabilized that the other issues are relatively minor in terms of other left to be resolved or?
Jeffery Tygesen - Chief Executive Officer
They were no real minor issues but we’ve been able to work through those and reach understandings on those. And I want to point out that it’s a package not just one time that we move on that a collective package. So I think all the items when we start at the initial discussions were something that we could achieve agreement on and we’re just getting it down to those last few that required a little more time and as everybody knows it takes a lot of time with the tax guys.
Orest Wowkodaw - Scotiabank
Is it your expectation that you would be in position to reach a final agreement three months from now when we have your two call?
Jeffery Tygesen - Chief Executive Officer
I’ve been hopeful for a while. I would say and characterize that both sides are working very hard and it’s in everybody’s best interest to do at sooner than later. But I wouldn’t wanted pick a date and say this is it because, the likelihood of hitting that date I would be wrong it could be earlier or it could be later but that day I know I would be wrong.