Ann: Managing Director Resignation , page-3

The moly project is gone, its packaged and filled away for almost immediate implementation should we get Moly prices above. Assume a value of zero

What we have now is a discuounted share price that does not reflect the value of the Iron Ore operation that is going to be a cash cow fir the next 5 years. The NPV of this project equates to 34c per share

Add to these financing agreements already in place and i believe we have a 5 year minimal risk ride with a blank cheque. Hopefully Moly announces the next aquistion shortly.