fair points, and I totally understand that a lot of people got burned by this one (myself included). It just seems to me that at 1 cent, this stock is well and truly undervaluing the mine and processing plant. Also, it seems to me that the relationship with MLM should provide: (i) better management; (ii) security of financing the existing operations and resolving problems; and (iii) the ability to set up the Wolfram camp mine for operations in preparation for a strengthening in Molybdenum prices. Scanning the news yesterday, I was pleased to see that analysts are predicting a recovery in Molybdenum prices, peaking in 2011/2012.
QOL Price at posting:
14.0¢ Sentiment: None Disclosure: Held