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0.00% 6.9¢ moly mines limited

Ann: Technical Report Spinifex Ridge Mo / Co Proj, page-3

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  1. redrockgeo
    10,824 Posts.
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    23/02/12
    23:42
    Post #: 9742474
    re: Ann: Technical Report Spinifex Ridge Mo /... This report has been written to justify the downgrading of spinifex ridge from a resource with a mining reserve to just a resource. It is saying Spinifex ridge can not be economically mined under current economic parameters. This is exceptionally bad - moly is losing money mining iron ore, and does not have a viable Cu-Mo deposit. It's hard to see this as good news, or what future moly has.
    MOL Price at posting: 30.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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