AUD19m raised at $1.40.
If the Spinifex Ridge molybdenum project gets of the ground this stock could be worth a motza.
At todays prices of US33.00, a 8,000t a year mine equals gross revenue of AUD736million a year
i.e 8000t*2204*33/.79
Sure molybdenum wont sustain these prices, but they will remain high in this commodity cycle boom.
