The price of moly is US$17-50 it will be interesting to see how the price goes in the coming days.
The earthquake in Chile will have an impact on prices of copper, which in turn will give the moly price a boost.
The burning question is will MOL seal the deal this week or could it drag on. The speculation is that the Chinese bankers misplaced the paper work. Not sure if that is the reason but lets hope its done soon. Then the big Ann: they have arranged the finance, the final piece of the puzzel falls into place. Once we have the money to build this mine the S/P will rocket.
MOL Price at posting:
84.5¢ Sentiment: LT Buy Disclosure: Held
