which copper company mol should buy and why, page-9

As for the molybdenum mine it comes down to the price of moly and the strength of the Aus$. When the Aus$ went to parity and above the building of the moly mine was put on hold. Now that its coming back to a more realistic value, I think it will drop to the mid 80 cents. If the price of moly goes above $17 a pound then I think it could be on. Having said that we have Hanlong who are our major shareholder, they have not stepped upto the plate with any deal they have been involved in and that's a concern. With regard to our war chest it would be great if they could find a viable mine that could generate a cash flow, this also would help in securing finance for the moly mine. I think that winding the company up is very short sighted. I think you will see a very different MOL by this time next year????????????