Replies to post #2 on Aspire Mining Ltd. (fka ASPXF)

[klimanjaro]

One Belt One Road (“OBOR”)

The One Belt One Road
project is arguably the single
largest investment initiative
globally.

OBOR is the “crown jewel”
of Chinese Gov’t Policy
designed to boost trade,
connectivity and take
advantage of latent industrial
capacity. Mongolia in a
prime position to participate.

Erdenet – Ovoot – Arts Suuri
– Kyzyl included in One Belt
One Road as the Northern
Rail Corridor in June 2016.

Provides an efficient path for
China/Europe trade and
unlocks substantial coking
coal deposits in northern
Mongolia and Russia’s
Tyuva region.
Map of Northern Corridor
16
Aspire Mining Limited Investor Presentation
Ovoot Project Highlights
Ownership 100% Aspire Mining Limited
Run Of Mine (ROM) 255Mt(1)
Life Of Mine (LOM) 21 years
Total Saleable Product 188Mt
Coal Type* 100% High Quality Coking
Coal (“Fat” Coking Coal)
Average Strip Ratio 7.7 BCM waste/t coal
(excluding pre-strip)
OPEX(2) US$83-93/t FOR China Border
(first 5 years)
Initial Production Up to 5Mtpa
Capex(2) US$144m inc. contingency
Production Potential Up to 10Mtpa
17
*The Ovoot product is capable of upgrading existing Mongolian thermal,
oxidised and low quality coking coals to saleable coking coals and is
therefore of significant strategic relevance.(3)

Aspire’s Ovoot Coking Coal Project in Northern Mongolia
is the country’s second largest coking coal Reserve, after
the Government owned Tavan Tolgoi Mine.

A Mining License (MV 017098) over the Ovoot Project
was granted in August 2012.

Aspire plans to develop the Ovoot Project during
construction of the Erdenet – Ovoot railway with first
production to coincide with rail commissioning.

Initial production from the Ovoot Project could commence
at 5Mpta, mining a high proportion of low ash bypass coal
– with upgrades to infrastructure, the mine is capable of
producing up to 10Mtpa of high quality coking coal.

While large scale development requires rail connection,
there are smaller scale development options possible
once the Nuurstei wash plant has been commissioned.
Ovoot Project

[klimanjaro]

so again, the way i see it, in a very much guesstimate manner.

Nuurstei = 1m tpa = maybe 25-30m profit margin ??

Ovoot = 10m tpa = maybe 300-400m profit margin ?? (assuming rail reduced opex)

there is a ball park, a 10 x magnitude between the two projects.

Yet, just Nuurstei, has the numbers for a low capex start up, imo to see say 6x earnings ?? = 150m mc target.

Can Ovoot take us to 2-3 billion MC ?

We need feasibility numbers to get a firmer picture, and take the guess work out, but the size, and mc / earnings/ capex to get it going, metric is incredible imo.
INVESTMENT OVERVIEW
Aspire Mining has numerous share price catalysts on the horizon
09:15 18 Apr 2018
Studies indicate that the Nuurstei project could become a competitive near-term producer of coking coal.
Picture of coal coming off conveyor belt
INVESTMENT
OVERVIEW: AKM
THE BIG
PICTURE
Drilling results, resource upgrades and the results of coal processing trials are potential share price catalysts
Aspire Mining Ltd (ASX:AKM) has two key assets in Mongolia, the wholly-owned Ovoot Coking Coal Project and a 90% stake in the Nuurstei Coking Coal Project.

Ovoot is a world-class asset containing 255 million tonnes of coal reserves which makes it the second largest coking coal project by reserves in Mongolia.

The reserve is largely from a single large open pit mine and supports a 21-year mine life producing up to 10 million tonnes per annum of ‘fat' coking coal.

This is sought after in the Chinese market due to its blend carrying characteristics and the ability to improve coke quality when blended with lower quality coking coals.

Making progress with rail project
The commencement of production from Ovoot is planned to align with the commissioning of the Erdenet to Ovoot Railway.

Aspire only announced last week that it had entered into a new memorandum of understanding (MoU) with