MOL 0.00% 6.9¢ moly mines limited

What does this mean?"Ore stocks on hand.... 78,259 tonnes" - Can...

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  1. 2,689 Posts.
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    What does this mean?

    "Ore stocks on hand.... 78,259 tonnes" - Can we sell that after we sold the project?

    "Approximately 625,754 tonnes of lower grade iron ore (50-55% iron) are stockpiled for possible further blending and processing by MRL. These stocks have NOT been assigned a value for the purposes of the Company's financial statements or the mine gate sale to MRL.

    Note: Not assign a value for mine gate sale to MRL. Does this mean MOL can sell 625,754 tonnes and keep the money after sold the project.

    If MOL get as little as $90/t, 625,754 grade 52.5% (328,520 tonnes contain iron) = $30m to MOL???

    Does anyone know?
 
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Currently unlisted public company.

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