The real question is whether MOL can survive until things pick up, whether that is 2 years or 5 years from now.
The benefit of being fully funded for the next 1-2 years is that it has time on its side, something that other developments possibly don't.
So if 75% of molybdenum mines are scrapped and MOL hangs in there, when the prices shoot back up, it will be in a perfect position to capitalize.
They may even be able to build a smaller version of the mine that is expandable in 5 years time. It's always easier to be in the game and expand than to build from scratch.
- Forums
- ASX - By Stock
- MOL
- molybdenum price
molybdenum price , page-17
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)