Once finance is available it will take 20 months to build the mine, so first moly sales are 2 years away. This is no small project I,m not sure that many understand just how big this is. When the steel mills of europe and the USA get back to normal, the price of Moly will bounce then see what the S/P does. The market is waiting on finance until its a done deal anything can happen. The bankers want a EPC to make sure that MOL have enough cash to complete the project, thats why the delay.
MOL Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
