Replies to post #528 on Mongolian Mining Corp. (MOGLF)

[OMOLIVES]

You put forth good questions....and surprisingly(imo)......you received very good answers. I thought the last answer was the best given the fact it was from investor relations...ha!. What a typical dodge...eh?...I kind of laughed at that last answer.

And ha ha ha...on that OMO poke...it was a good one!

[mhsg]

Thought I would add another person to the board.

Re the middlings, the IR team are basically saying: its a bi-product where if they get $1 it is positive to cash flow. They would rather prioritise trucking fleets to HCC product where they are 100% focused and margin higher. If someone comes in and buys a product they would ordinarily not ship, at minegate, and handle all logistics, they will entertain. If thermal coal market went gangbusters I am sure they would spend more time focusing on the middling. But if they produce 4.5Mt HCC at 50% yield then maybe 2Mt middling at a 20% yield, which to date has oxidised and become valueless. So anything they get for this is outside the budget and a bonus.