Steppe Gold Ltd, cashed up and successfully ramping up flagship Mongolia mine as it looks to expand operation

Flagship mine already generating strong cashflow
Has started Phase 2 expansion plans
What Steppe Gold does:
Mining is nothing new in Mongolia but it was not until the 1990s, and the transition of the country to a free-market democracy, that the industry was opened up to foreign investment.
The famous Oyu Tolgoi property in the country, operated by London-listed major Rio Tinto (LON:RIO), is one of the largest copper and gold mines in the world, in which the Mongolian government also owns a 34% stake.
The Mongolian economy is growing rapidly and the government knows that mining is a key to sustaining growth. The country's mineral riches are valued at between US$1 trillion and US$3 trillion across coal, copper and gold.

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