I think it is part of the $4million for the trigger to mine Dargues.
$1 Million 2013 cash
$1 Million Feb 2014 cash
still to pay $2 Million cash or $2.666 Million in Shares.
have a look at the Moly Annual Report 2013
I don't like how not much is mentioned about it or how it triggered. How most of the 37.5 million has been spent on Dargues, but they have not mined anything, though still triggered the decision to mine.
so issuing 44,444,444 million shares has triggered the 5% holding, which is good inrespect that Moly has the current holding of Unity as "for sale", in their 2013 annual report.
Dargues needs to have a full time line and full costing produced for shareholders to understand. At the moment, there are figures of savings to be obtained, but no plans or costings.
Just my Rant, don't reply on it, make your own decision
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I think it is part of the $4million for the trigger to mine...
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