AKM 0.00% 10.0¢ aspire mining limited

$15 billion dollars of coal at Ovoot

  1. 2,693 Posts.
    from tonights preso. huge numbers. might be a 100 bagger from here instead of 10 haha

    frosty

    Aspire’s Northern Rail Asset Erdenet to Ovoot Part of the Silk Road’s “Northern Rail Corridor”.

    Rail to Ovoot unlocks +$15bn worth of coal to supply Chinese and Russian steel industry.

    Rail to Ovoot – Arts Suuri – Kyzyl unlocks +$100bn worth of coal to supply China and creates a new trade route for Chinese imports/exports from Europe.

    Powerful Chinese SOE as Consortium Partner Aspire’s Coking Coal Assets .

    Ovoot coking coal will be low cost on a global basis.

    Ovoot expected to commence production in 2022 – 2023 when the market will need new supply sources to balance demand.

    Nuurstei potential near term mine. Strategically important for maximizing value for Tavan Tolgoi through blending.

    Experienced board and management team in place.

    Over US$60m raised and invested in Mongolia to date
 
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