hanlong options, page-3

Interesting points Fontenay. It's a bit of a catch 22 though, now that MOL is producing and shipping IO, I almost feel that MOL could forgo the Hanlong deal, I wouldnt have a problem sitting back for another year and letting MOL bank all the proceeds from the IO sales and regain 100% ownership of MOL, this is more a thought than an opinion. I mean MOL just got $6mil from the first shipment and that was about 54000 tonnes wasnt it? Only need 100 more loads and MOL have the money for the moly mine :)

There does seem to be a bit of a go slow with the finance, think we all understand that these things take a huge amount of time to work out but after a couple of deadlines have come and gone the question should now be ARE Hanlong getting the finance or not?

I truly do not know the ins and outs of the corporate mining world and my thoughts above are very simplistic.

I think MOL is a great company and happy to hold and see where it takes us.

Cheers