- PDF: Immediate delivery
Prophecy Resource Corp.
- Product Code:FRT00036
- Publication Date:August 2010
- Publisher:Frontier Securities
- Product Type: Report
Equity Report Prophecy Resource Corp.
Prophecy Resource Corp. (TSX-V: PCY) is a Vancouver based company listed on the Toronto Ventures Exchange that is developing coal projects in Mongolia, and Nickel-PGM & other resources in Canada. Prophecy currently has 1.4 billion tons of measured and indicated coal reserves, one of the largest independently owned coal deposits in Mongolia.
Ulaan Ovoo Coal Mine
Ulaan Ovoo is expected to commence production by October 2010 by Leighton Asia. The project contains 209 million tonnes of measured & indicated economically recoverable high quality, high volatile bituminous thermal coal (5204 kcal/kg, 12% ash, 0.4% Sulfur) with a 2:1 strip ratio. It has an average coal thickness of 53 meters and first 8 years requires no washing.
Resource Growth Potential
Prophecy controls over NI-43-101 compliant Measured and Indicated mineral resources of 263 million pounds of nickel, 1.4 billion tonnes of coal and 116 million pounds of copper as well as inferred resources of 82 millions pounds of nickel and 593 million pounds of copper.
Ulaan Ovoo Deposit Chandgana tal and Khavtgai coal deposit
Mongolian Coal Sector
Russian Coal Market outlook
- Ulaan Ovoo DCF Valuation
Upsides & Downsides Disclosures and Disclaimers