re: Ann: Technical Report Spinifex Ridge Mo /... Very Comphrehensive report and supports the robust investigation process to date. It is shame that the announcement was not accompanied by a plain english explanation to sell the potential future of the project and MOLY's due dilligence program.
Note that the report states:
"The Spinifex Ridge Project is sufficiently advanced in terms of Mineral Resources. It is recommended that no further drilling is required prior to the development of the molybdenum / copper mine."
I think the CEO Derek Fisher is technically very capable but not a good salesman.
Moly needs to employ some people that can sell the upside of the company.
MOL Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held