MOL
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0.00% 6.9¢ moly mines limited

Moly price up 125% in the last 3 months, now well over break...

  1. redux
    3,540 Posts.
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    10/08/09
    11:21
    Post #: 5487528
    Moly price up 125% in the last 3 months, now well over break even for Spinifex

    MOL have $64M in cash with debt of $86M

    MOL have Fe resource that will generate $100M pa for 5 years with $20M CAPEX.

    Spinifex only requires another $300M to begin production at 10Mtpa

    Chinese want financial stake in iron and molybdenum resources

    => no brainer IMHO
    MOL Price at posting: $1.00 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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