Replies to post #677 on Mongolian Mining Corp. (MOGLF)

[mhsg]

"Why are the last 10 years relevant? MPP only truly returned to power in 2016. In 2008, they had to form a coalition government with the DP. In 2012, they lost to the DP. "

By the time spring comes it will be almost 2 years of the super majority that has made no decisions or rulings thus far on super deposits etc. TT is highly politicised and there are many competing interests - to the extent it is impossible for everyone to gain and therefore push something through. Remember MMC had a signed approved tender, consortium in place, funded project, agreement with GOM working committee. They all turned up on the approved signing date for a politician to scupper the whole thing given his and a few mates own agenda.

The rail is a no brainer, it even had a portion of the GOM bond proceeds allocated to it. But this is syphoned off by corrupt politicians. The TT deposit is a piggy bank and pension to these people through backhanders that will be a lot harder to extract if rail and transparency is introduced.

There is no suggestion of movement in the rail. This will take months to negotiate contracts and funding. They need to be ready for spring and the construction season in April. Everything points to no chance of this. They lose another season and the following year we will start to move into an new election cycle... The Government is slowly destroying the entire TT deposit through high grading and mining the top quality seams and not washing or blending. I hope I am wrong re the rail but if not hopefully MMC can play a role in washing and blending and extending the deposit life.

Decisions are not made on commercial values and instead driven by political and personal motives. One only has to look at Erdenet Copper to see that changes in ruling government has no impact on commercial and sensible decisions.

Mongolia in the last decade has made one major decision and that was to advance OT. This was done under a coalition government but notwithstanding this they tried to overturn, reverse and renege on decisions. If it had not been RT and one of the biggest mining companies they would have taken this project back. TT is a mongolian domestic super project and they are free to do what they like without worrying about the impact of the international community.