Ann: CGGC Delivers Draft Erdenet to Ovoot Rail Feasibility Study, page-21

agree.

I note the time line to production as Q1 2019 (for the trucking operation) and below context refers to when Nuurstei could advantage of the rail.

" the Nuurstei Project could commence a road based production operation and then later have access to the new Erdenet to Ovoot Railway two years from commencement of the rail construction."

While the whole rail is a 5 year construct for Ovoot, suggests that the Nuurstei portion is only two years away after construction begins.