Mongolian Mining Corp. (MOGLF)

[Ponch73]

In the Bloomberg article you just posted, we get these figures:

Mongolia exported 8.1 million tons of coal in the first three months of 2017, worth $541.3 million, a year-on-year increase of 446 percent.

This tells us that Mongolia exported 8.1MT of coal at an average price of $67.

In an article on Chalco that you posted a few weeks back, we were given these figures:

The company (ETT) extracted 2.8 million tons and exported 2.2 million tons of coal so far in 2017. Price for a ton of coal stood at USD 26.0 by September 2016. At the open auction, Tavan Tolgoi’s coal was sold at USD 72.5 per ton.

If we take the midpoint of ETT's price ($26 and $72.5), we get $44.25. $44.25 multiplied by 2.2MT equals $97M.

That means that other Mongolian producers exported 5.9MT at an average price of $75. We also know that washed coal (what MMC exports) carries a roughly $40 premium.

So, maybe 1.2MT @ $115 is as good of a guess as any for MMC's first quarter.