Mongolias natural resources are largely untapped. Khan Resources, whose stock has been in the dolldrums, see that as an opportunity and is currently bidding for a local company. Khan is a Canadian exploration and Uranium development company who's current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine.
Uranium is gaining increased investor attention. The Global demand for electricity is growing faster than GDP. Nuclear Energy fueled by Uranium currently provides 17% of it. Existing demand for Uranium outstrips the current supply.