MCAP $48.11M with NET Assets of $87.00MCorporate and FinanceAt...

MCAP $48.11M with NET Assets of $87.00M

Corporate and Finance
At Quarter end Moly Mines had approximately $87 million of net current assets on its balance sheet including cash of $53 million.
The Spinifex Ridge iron ore mine gate sale to Mineral Resources Limited (MRL) completed with A$33 million being received on 12 July 2013 with a further A$1.7 million due in late July or early August 2013. The Company remains responsible for tenement maintenance and royalties