MOL 0.00% 6.9¢ moly mines limited

Nic,I have been around mining circles long enough to know what...

  1. 938 Posts.
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    Nic,

    I have been around mining circles long enough to know what the real operating costs of process mines is.

    You are all upbeat on MOL but are have you really done your homework. You may not understand this now but you will in the future when the real total operating costs become realised.

    The Moly price needs to go to over $30 US / lb to see any real money made. So I state again that the mine is unprofitable at present Moly prices.

    Moly is also a highly volatile commodity.

    I wish all of you MOL holders the best for the future.

    As far as being upbeat, I have done my research and cannot see it.

 
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