Mongolian Mining Corp. (MOGLF)

[mhsg]

This is definitely not good news ... ETT has the ability to undercut MMC's coking coal price and crowd it out from a border transport perspective.

Actually this will be very good news. MMC (via its operating sub Energy Resources) can utilise its full washing capacity and get a commercial return on this. More importantly it has the potential to blend the high quality ETT coal with its lesser quality coal to produce a HCC that may have not been marketable otherwise. MMC is taking advantage of higher prices to blend less quality coal whereas the state owned ETT is high grading and destroying the massive wider deposit.

If MMC and ETT are producing a similar product it will hopefully coincide with a coordinated marketing approach. Demand remains healthy south of the border so if ETT decides to undercut the price it is likely due to politicians taking backhanders to deliver at such level.

Have a consistent and standardised Mongolian washed product will be a great step forward. The rail isn't going to happen so this and an improving border crossing (which stats suggest is happening) will be a major positive.

ETT and the listing - complete bs. Just empty promises for the public. Suspect the bs will grow a year from now and as the 12-month countdown starts to the elections and huge promises to the naiver voter.....