A reality check is needed here.
The break even cost for Moly processing is $17.50 US lb.
That makes the mine unprofitable.
The 6m tonnes of DSO Iron Ore is not enough for anyone to notice.
During the booms years MOL road a wave but was always on shaky ground due to massive debt and a volatile Moly price.
Nothing has changed.
The GFC has changed all the rules.
Do not expect MOL to perform as like pre GFC.
We are in a different world now and debt ridden companies are steered clear of unless they have a massive resource that can be mined at a massive profit.
The share price is right where it should be.
direction of share price, page-2
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