Haven't posted on here for a while. I have held Mol for a very long time and have stayed in through the bad times because i have a long term view that the world class deposit which is Spinifex Ridge is a huge cash earner as global demand for Molybdneum rises over the next decade.
These back of an envelope valuations do not take into account future (expected) demand factors and there influence on price, there seems to be no premium allocated to Hanlong's backing and stated mission to create a world class mining house and no value for the tenement areas held by Mol yet to be explored.
Add these real items to your valuation model and you will quickly realise MOL is grossly undervalued at these levels.
Also a big thanks to Nic & Lion for their education program regarding this stock, makes me realise how uneducated and unsophisticated an investor i am - thanks guys!
MOL Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
