MOL have 850,000,000lbs of Molybdenum + copper, silver, tungsten,yes tungsten + iron ore,
With the start up 10mtpa mine they will produce 12m lbs of Mo + 13m lbs copper + silver etc, but lets just take the moly
12m lbs @ US17-00 = US$210,000,000
Production costs of US$7-80 lb =US$93,600,000
Thats US$146,400,000 now you get some idea of what this company is worth.
The only risk this company has now is the finance and if you have been paying attention you know the outcome. So for those of you that are in for the long term, sit back and relax.
MOL Price at posting:
87.0¢ Sentiment: LT Buy Disclosure: Held
