resource update, page-7

Continual positive news flow is not a good reason for me to sell a stock. Yes, the share price has fallen. And yes, they could do with a few gold/copper hits to bolster the monster Molybdenum resource of which they are doing presently.
Remember,
Only 12% of the company's tenements have been explored. With generous private backers willing to fund all of the drilling, at least to this point, the exploration upside is massive. And you don't have to tip in for it.

MCAP- $18M. Resource value based on high grade plus lower grade ore combined of over 120Mt@$US36lb.

Over one billion dollars in saleable metal. Whether or not they can afford to mine it themselves, maybe. With the help of a Chinese steelmaker or cornerstone investor, most definitely. Can it be sold to a major world Molybdenum player such as Ivanhoe Australia. Yes.



Resource still open at depth/laterally. And the drilling continues.