Yes the new Molybdenum extraction step in the Cadia mine processing plant is a bit of an unsung bonus in the whole Newcrest business especially if the molybdenum price keeps rising. CHN looking at something similar hopefully in WA. I sold out if NCM totally soon after the takeover announcement for just north of $25 but will re-enter if it falls back towards $24. It is worth high $20s I would have thought even if the Newmount approach fizzles out.
NCM Price at posting:
$24.75 Sentiment: None Disclosure: Not Held
