re: Ann: Merlin Resource - World's highes...
Is that all? 13 million tons!!!! Say it will double to 26 million it still is a small deposit (although very very rich). Have to be very careful with Re as it is a small market. Any major supply coming into the market can significantly impede the price of the metal. The good news is that at these grades of Mo and Re it is pretty much automatically economic even at today's low moly prices. Plus is an already established mining region so permitting, infrastructure, environ, etc pretty much sorted out.
IVA Price at posting:
$1.62 Sentiment: None Disclosure: Not Held
