mol up 46% moly mines limited npv(toronto: mol, page-19

"As at 31 March 2009 the net tangible asset position of the Company equated to approximately $4.731m"

- now hasnt their watermark investment increased by 50% since then, also MLI has done a bit of a run.

DONT write this stock off yet..it could blow!!

in the quartely:

Surface enrichment may be a factor with rock chip sampling of this nature. Further ground inspections will be required to delineate the extent of iron enrichment of this and other iron features associated with this shear zone in the western portion of the project area, prior to drill testing. Until now, this major regional structure which has 12km of strike has received very limited exploration. The Company is currently in discussions with a number of parties that have expressed interest in assessing the iron ore potential of the Talga Peak lease.