1.50 within the next 6 months, page-4

Hanlong will receive Chinese regulatory approval by or before Jan 31. You would think this is a foregone conclusion given the Chinese do not take punts such as this without 'quiet approval' before entering into purchase agreement.

Current price would reflect the continued rise in Moly price and the pricing in of approval.

I'm punting that with Hanlong positive announcement re: Chinese approval MOL will hit the $1.50 price point or beyond. From there it will be a bit of a wait as finance is sorted (again i think this is a foregone conclusion as this is the cornerstone of the Hanlong agreement). MOL will fluctuate with the Moly price and given current trend this looks positive.

I believe $2 per share is a strong possibility within next 3 months with a $3 target post finance approval. Only my thoughts but i have been accumulating at the mid 80's and i expect the days of accumulating at these prices are over.

Very content to hold for the next 6 months as Spinefex Ridge becomes a reality.

Only my thoughts,
DBM