Ivanhoe mines (iva) have a resource of 6.7 million tonnes at 1.34% Moly + Rhenium at Merlin. It makes me wonder if the chinese backing Moly mines (mol) are a bit scared off seeing this sort of discovery. Thats 26 times the grade of Moly's resource. If IVA or others (zgm) were to find more of these high grade areas its gonna effect the supply and price down the track youd think.
