mol needs $1.1 bn to set up a plant
Cash Operating Costs
Spinifex Ridge DFS
A$15/lb
price of moly on Wednesday, September 17, 2008 is
US$33.50 /lb
about 100% profit
$12 bn - $1bn (cost of plant) = $11 bn
discount 30% lose in production etc
$9 bn
Michelmore could probably buy it for $200 m
someone should tell him to buy it.
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