what's wrong with moly mines, page-5

hi countryshares

Yes still hanging around with moly as potentially an excellent stock that has unfortunately gone down as mentioned because of the high dollar but most significantly

- the iron ore sales are only small
- Moly's big money makers are still in the ground (copper and molybdenum), so while these are still in the ground the company will just languish.

For now potentially Moly can be exporting over $100 million in 2-3 years, its present dillemas are - its just getting itself established, developing the infrastructure and starting anything of consequence soon.

My opinion - Excellent buying opportunity for a company that should be +++$2-$3 in a few years but we are all impatient arnt we.
We would like moly to reflect this value now but lets face the real facts. Little cash flow and still lots of work at the Mine still to be done so its still just a waiting game for at least 6-12 months.

I will certainly be buying big soon when the price hits my trigger which is about 60 cents but will wait and see.