Stock price when the opinion was issued
A Mongolian project with single assets. For all intents and purposes, it is a public controlled vehicle of Rio Tinto (RIO-N), which owns 51%. A low grade large deposit with lots of growth going down the road as they develop the underground portion. It is currently open pit. Feels it is fairly valued. Sensitive to copper.
Mongolian mines: They have made so many tries. They are still fighting with the government there. The government has shown themselves to be indecisive.