Ann: Company Update , page-14

I recall the chairman of talking about the timing of the project being fortuitous as the construction of the mine would proceed during at a time when moly price was depressed, with production coming on-stream to coincide with improving global economic conditions, increased commodity demand and subsequent strong moly price that stood to make MOLY MINES an extremely profitable company

I don't see how anything has changed with this scenario. Sure the dollar is at parity but that should also assist cost of production as imported mining infrastructure needed to build and produce from the mine is also cheaper?

The AUD won't stay high against the USD forever, it has to return to its natural 70-80c, and coupled with an improving Moly price over the medium turn it certainly looks like a no-brainer investment every way you look at it!

The financers have even had the benefit to see the company deliver on its Iron Ore commitments thus de-risking the project when it comes to demonstrating it has the technical and financial competence to deliver as a genuine mining outfit.