MOL
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0.00% 6.9¢ moly mines limited

Ann: Spinifex Ridge Molybdenum / Copper Project , page-10

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  1. Valin
    6,072 Posts.
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    06/02/11
    23:18
    Post #: 7850176
    re: Ann: Spinifex Ridge Molybdenum / Copper P... Hi topwon,

    You are correct. Moly is a producer of iron ore at 1mtpa to enable it to pay for current and future admin costs and further development.

    I can't see MOL's bank balance getting bigger for years to come, in fact it may erode sooner rather than later in my opinion.

    ;)
    Nic
    MOL Price at posting: $1.17 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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