Mongolian Mining Corp. (MOGLF)

[Ponch73]

For my own edification, can we step back for a second and discuss the following exchange a little bit more?

"Any chance the Chinese balk at the last second? They've been left at the altar once before (in 2015) and been compelled to show their cold shoulder by a major diplomatic faux pas (in late 2016). What's the next thing that could go wrong?

No....it's a rough 49% ownership of valuable product et al. It's obvious how much value that is to China. Anything could go wrong though..eh?..as to my answer. ]

Why is hard coking coal so valuable to China? And is it valuable in a sustainable way? Obviously, coking coal is a necessary input in steel production. According to MMC annual reports, China has consistently produced more steel than it consumed since 2009, often significantly. Why do we believe that this will persist going forward such that China is compelled to lock up hard coking coal assets in Mongolia?

Is China's rationale strategic and geopolitical -- e.g., to keep it away from India or Russia or Japan? Or is China really focused on ensuring supply for its domestic steel production industry, and, if so, why?