Why do you think they wont turn a profit on the Iron Ore Nic?
By my (very) rough estimates selling at 150 producing at 45 - production over 5 years until/if more ore is discovered.
Im in it for the Molyderum though. 10mpts per annum - selling at a $20 and production cost at $7-8. Doesnt get much better than that. Add to that a shortage in Moly supplies and 5 years from now I really doublt Moly prices will be $20
Net value i got was $2.06 for Moly
MOL Price at posting:
$1.11 Sentiment: Buy Disclosure: Held