The Molybdenom resource as you say rapid development through the heavy discounted share raising at $1.40 of 13.5m issued shares - raising the money off the nth american market allows locals t buy in once it slips to $1.50 in coming weeks
Being able to use the $18.9m they raised to push it to development stage is a very good move and a base price for molybdenom of over $17US pound and at 30 year highs - it has wide uses as well makes this a short stock for the time being with an entry going into april around $1.50 a share for HIB shares - cant see it going higher or even holding $1.83 at this point
While the ann called it world class i tend to avoid hyperbole (overly optimisitc) PR in favour of a solid resource with profit potential. Wonder if xtrata might take up a stake like it has with universal resources to block copper cos takeover.
