re: + molybdenum, the big secret + Thanks Dnatron,Looking at the...

re: + molybdenum, the big secret + Thanks Dnatron,

Looking at the bare numbers, I would'nt be surprised if IRR is close to 35% or higher (Anything above 20% is excellent).

This is based on current MO pricing and it is assumed that all production will be sold.

There are very few projects which could claim this Internal Rate of Return.

+ + + Preliminary Feasibility Study: December 2005 + + +.

If successful, then one can expect the share price to rise.
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As to the Dargues Reef Project, I expect the drilling to speed up so a new resource estimate can be obtained.

It can then be floated off or sold and the cash used to finance the Moly project. If the Gold price keeps on rising, it ought to be worth quite a lot in 12 months time.


The MOL story:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=238565#736128


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.