KMN 4.00% 12.0¢ kings minerals nl

pre open, page-7

  1. 5,618 Posts.
    Yep, you're prolly right about the moly supply but hopefully world economies will continue to grow and nothing comes within cooee of strengthening steel like moly and there are other applications where high melting points are needed.
    Rhenium is now $330/oz and looking higher, same as platinum is debateable though. can't see it myself.
    Open pit could be mined down to 500 mts then u/g.
    That birdie again.
    Unusual trading in KMN today given mkt down 170....no buying but no-one wanted to sell it down.
    A large buyer @ 10.5 for 800,000 or nearly 100k's worth.
    Not a bad committment for an explorer.

    Cheers,


    Please DYOR, I know you will.
 
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