Please do your research yes the gas contract is for six years, but the life of the mine is at least 23 years. Moly have said they can finance two thirds of this project and repay the loan in 3 years. Based on very conservative molymbenum prices. If you would like to go to the mol website you can access lots of imformation. But at the end of the day its still a risk like the market in general. Don,t want to risk anything put your money under the bed, even the Banks are looking a bit dodgey
MOL Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held