Yes, you are very correct. The nervous investors are forgetting the potential MOL has once the project finance $500 million is granted before 30 September 2010. The first iron ore shipment will not be far away from September 30, 2010. By then one can only imagine where the sp would be. My guess is around $1.20. By end on 2011, I will not be surprised if the sp reaches around $4 to $5. If I only have the money I will buy some more of MOL at the current prices, it can double up within 12 months.
MOL Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
