theres numerous companies with no chance of getting the stuff out of the ground, so called blue sky mining... Moly however is a heart beat away... Hedland will have new export capacity with Utah Point soon. Moly people are regularly seen in Hedland talking on their special sat phones. I spoke to one Moly fella the other day who was very optimistic about the whole thing.Mol prices are surging. Moly has iron ore as a back-up, iron ore prices are sky high on the spot market and with the benchmark pricing soon to be obsolete they will stay buoyant. Rumour in hedland is BHP are holding back stock to wait for April (post benchmarking) The Oz economy is powering so folks, lets all take a cold shower and enjoy the forthcoming ride.
MOL Price at posting:
88.0¢ Sentiment: LT Buy Disclosure: Held
