...and I think the Chinese will stop REE exports. Now, Mo is classed as a REE, this should put pressure on the Mo spot price. If the spot price increases to $25-$30/lb again, it will easily cancel out the high AUD and make Spinifex Ridge very profitable again. Further, if this occurred and the AUD dropped as well, the project would be even more attractive. I think this could possibly happen short-medium term. I can see a future for MOL, with help from the cash they have on hand, and the assets they own and are producing from.
E.
MOL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
