re: Ann: Further Iron Ore Drilling Results an...
moly already has a semi mobile crusher and a bunch of other crushers sitting in a warehouse - all they need is screens and a few hoppers and a few conveyors and they can make a tiny little 3mpta plant. cheap as chips. the mineralization is relatively close to the surface so they should have a low strip ratio of 2:1 or something like that. hopefully they can making something akin to what atlas have. If they can get their operating cost for the plant to about $50/ton, they will still make a few mil each year.
MOL Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held