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0.00% 6.9¢ moly mines limited

"buy of year"I don't think so. If IO price fall (as predicted by...

  1. micky78
    2,689 Posts.
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    06/03/13
    10:20
    Post #: 11502492
    "buy of year"

    I don't think so. If IO price fall (as predicted by many people), MOL will struggle to make any money. Look at last quarter when IO price went under $100/t, MOL struggled and loss money (about $13m/quarter). Some predicting $60/t and stay at $80/t for many years. Low cost producers like the big 3 will still make money.
    MOL Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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