Reduce expectation of any share SP in short term, page-23

Moly had a 3Q head start + 50+yrs experience with their ore, and have basically remained static or probably gone backwards based on unquantified "LREC".

Totally right, not the remotest shadow of a chem engineer, but do give me some credit for understanding the basics when one explains the issues/solutions to me, with working examples.

I.e. valves that were initially lasting 2/3 days have been modified to the point they were still functional after 58 days at my last visit. That's representative of much of the step change, but make no mistake I do have some sense of the volatility thru SX, Ph2 is further advanced but they still had some way to go to claim steady state.

Not going to spell it out here but the overriding impression was of top quality mgt working thru a well prioritised set of challenges, work boots 'n all. I can only suggest they deserve to succeed.

BTW, the impairment was simply writing Ph1 back to Ph2 value, absolutely no reflection on operational capability. Neither do I need acct quals to understand that.