A wish...and some facts...

  1. 376 Posts.
    lightbulb Created with Sketch. 16
    I really Wish i could see a happy ending here....but all i can find is...

    Volatility in chinese market - with the chinese market falling, lower domestic demand, china will need less of the worlds resources...
    http://www.marketsandmoney.com.au/c...t-dont-expect-a-crash-just-yet-cw/2015/07/28/

    Tungsten metal prices approaching 5 year lows...
    http://www.infomine.com/investment/metal-prices/ferro-tungsten/all/

    which suggests finance for molyhil will not come easy...or quickly...and...

    managing a 1st world tungsten mine and making a profit is not an easy task...
    http://norj.ca/2015/06/nwt-tungsten-mining-companys-stocks-plummet-prompting-cleanup-concerns/

    resource investors are losing money or seeing their investment diminsh in value...and..

    China is still clearly manipulating metal prices and is reducing output to protect its resource, gently forcing other mines into production...
    http://www.miningweekly.com/article...hina-could-still-manipulate-market-2015-01-09

    new mines near production...
    http://www.*.co.uk/companies/news/6...g-year-as-new-mines-come-on-stream-78984.html

    and then we have gold moving towards $1000/oz...
    http://www.marketwatch.com/story/hsbc-cuts-2015-2016-gold-price-forecasts-2015-07-27

    wrap all that up in a copy of MB's cv and what can you see?...
    MB's track record speaks for itself...

    I truly hope that MB completes finance, finds a buyer for the 30% remaining resource and moves molyhil towards production...if for no reason other than I can then sell up and forget MB and thor...however I will not be betting on it...

    MT
 
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