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Re: the cork post# 26005

Thursday, 09/01/2011 4:26:24 AM

Thursday, September 01, 2011 4:26:24 AM

Post# of 35752
PCY: Cork, imo you are right and have keyed into the main point of things. I have not been able to determine if Red Hill had anything in the works before Prophecy Resources acquired them, but whether or not, the move into Mongolian coal appears to have had the electrification of central Asia in view from square one. And it is a great game-plan, and one the government appears to see as needed and wanted. Going from entry into Mongolia and its coal to this
http://www.prophecycoal.com/news_2010_nov15.php
acceptance of the detail power plant environmental plan in some 10 months is what finally took PCY from my close watch to a position. The vision implied in that PR is worth the read and says much of what PCY is really about in Mongolia (to date). Selling coal along the way is a plus for operational cash flow, but imo is secondary. Now if they manage to stay with that timeline for almost doubling the electric power in Mongolia I will be amazed - it is very, very aggressive. PCY has very much impressed me in how rapidly it has pulled together this, and also the assembling of Wellgreen with the Northern Platinum takeover and subsequent restructuring with Pacific Coast Nickel, and all of the above in 18 months give or take, just leaves me wondering what else is in the pipeline smile PCY looks like it will be a fun ride.
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