More deposits of I/O mol have applied for ajoining leases,
But what I find more interesting is the $60mil loan. The company will have enough cash to pay back TCW and build the Iron Ore mine without the $60mil.
Fischer made a comment that they could start to build the molly mine today. But they still have six months work to do with engineering, do Hanlong want this to be pushed along before finance approval???
Lets not forget that MOL have other molly prospects over east.
As for a prediction on the S/P when the demand for molly returns and trades on the LME watch it fly. Those of us that have been in this stock for some time knows how it can fly. Fingers crossed for a good outcome, confidence is growing.
MOL Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held