Yep agree This stock is one of the best sleeper stocks if anyonbe knows its history.
The export of IRON ORE is happening now with iron ore now up once again to $171 tonne. So for now some cash flow.
But obviously the real story will break when the export of copper and Molybdenum starts.
It would be nice to know for now whats happening at Spinifex. Since at least $100 million dollars or more has been spent on this SITE up to now so there must be some nice progress.
And its nice to know Molybdenum price appears to be crawling back in favour now up to $15.40 US a pound. It was down to about $13.00 a pound just about a month ago.
Obviously finance although still slow in parts is no problem now that the project is at full speed. All for now really depends on the infrastructure for Molybdenum and Copper exports. Certainly we know before the project is finished, even the Chinese Banks will start to buy in BIG knowing the quality and quantity are established.
Its just a matter of time for now, Just sleeping for now just a little bit longer!
MOL Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held