"Having delivered the draft Erdenet to Ovoot Rail Feasibility Study (Rail Feasibility Study) in March, CGGC and NR have agreed to work quickly to finalise the Feasibility Study within May 2018."
my take is that the price is controlled by light retail with short patience,
any sense of delay and they run. but its only a small percent of the registry.
What boxes to open before de-risk mind set takes control, and deeper pockets line wipe?
"CGGC will look to fund the remaining Erdenet to Ovoot Rail Concession Agreement pre-development work as per the previous October 2017 MOU (see ASX Announcement 12 October 2017), subject to:
▪ Receiving, a guarantee acceptable to CGGC that the central line to which the Erdenet to Ovoot Rail will connect, will have sufficient capacity to carry the additional NR freight once connected.
▪ There being sufficient time to complete the remaining predevelopment work and conditions precedent pursuant to the Rail Concession Agreement."
The price catalysts are there.
- Get a thumbs up from NR consortium, not sure when that is now, but some time in MAY for the NR Feasabilty
- Move forward with the feasibility of Nuurstei, then production finance etc.
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