If you consider the fundamentals, the next large Moly mine to come on stream in almost 25 years, a small but high grade I.O deposit, which will give the Company a instant cash flow.
Providing the book build goes to plan the future for MOL is very bright.
My guess is that these facts are underpinning the share price. Finance for the moly start up may not be that far off, then see how she soars.
