RE:Need Advicedoing some reading on this one
things to look at
is it likely/logical that the current exploration licence will flow through to production licence?
what is the political and regulatory risk for the mining sector in Mongolia?
looks to me like the only hard asset they have on the project is one auger truck
and only a few test holes have been drilled, samples to be analyzed in an independant lab
so the Co is running an extremely lean Op onsite
upside to this is low cash burn - they claim to have fully funded the exploration campaign
downside is that it makes it very easy for the Co or the Gov to pull the plug
as mentioned: this one is a lottery ticket....I'm going to keep reading and leaning towards buying a bit