MOL
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0.00% 6.9¢ moly mines limited

Good question.@$20/lb this Molybdenum resource is capable of...

  1. thecook
    2,801 Posts.
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    25/05/12
    21:04
    Post #: 10226127
    Good question.

    @$20/lb this Molybdenum resource is capable of selling for $300M. Hanlong can buy this outright for $100m(30c) closer to the time of the iron ore running out when the share price is most vulnerable. With Mo trading at $14-15lb and world supply increasing there's no immediate price rebound predicted so the sit and strangle begins.
    MOL Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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