Uboy The CEO spoke at todays Rising Stars Conference on the Gold Coast. Of note is the optimism that we will have an offtake agreement within a month if everything stacks up with Resource estimates, capital costs and operating costs. Chairman also upbeat after a long struggle with what they believe to be a great under valued asset, especially when compared with their peers.
There are hurdles to cross but they are upbeat and very hopeful.
In today's presentation they also quoted forecast revenues for Moly hill at $154/Ton vs Operating expenses of $80/Ton. leaving a nice margin of $74/ton. Something to salivate over IMO!
CEO also discussed reasons to be optimistic about potential for selling price growth in future.
All going well we will have decision in about 4 weeks. If it positive this baby will put on 10-15c quicker than you can imagine IMO.
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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