Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

Yes....also.."What is the basis for assigning them a $97 ASP? What is a CHPP? And wasn't MCC's 2013 washed coking coal 4.3MT rather than 5.3MT?"

I have too many notes...here it is:

Coal Processing

During 2013, the Group processed a total of 10.7 Mt of ROM coal, including 0.1 Mt of feed under contract washing
arrangement for third parties. This was achieved utilising only two of the now three available CHPP modules, and
represented an increase of 44.5% year-on-year.
The Group’s total washed product derived from this feed included 5.3 Mt of coking coal, up 36.1% year-on-year,
and 2.3 Mt of thermal coal, up 39.6% year-on-year. Historical semiannual production is shown in Figure 8.

....and here:

Despite the challenging market condition, the Group was able to increase sales volume of its primary product,
washed HCC, to 4.3 Mt representing about 26.5% year-on-year growth, while keeping total volume of coal sales at
5.7 Mt in 2013, including 1.3 Mt of middlings

.......I am just using the ASP $97 based on the first half of 2013($92 was the total ASP for year). I discount the bench by 40% on average. It's a low ball number that keeps me safe...that is all.

The CHPP is the wash plant. They get half of what they wash...so if they are only washing 400k on average per month(1200 first quarter)....... that equates to 600k of product.