last quarter MOL made a loss of $3.65m selling 261kt of ore. so...

last quarter MOL made a loss of $3.65m selling 261kt of ore. so for every tonne they made a loss of $14/tonne including admin costs, despite all the black magic of saying sales revenue was greater than production costs. admin at $4.5m appears MASSIVE. the shipping grade at 58% Fe is pretty low and phos is high, any lower no-one would buy the stuff.

moly's market cap is a joke at $72 million. what's its business plan to actaully make money ? iron ore will run out soon; spinifex ridge moly-copper is just JUNK, so there's no revenue coming from there. they have a huge office here in perth, full of people drinking tea and coffee, waiting for - what - the moly price to go up to $100/pound ? when spinifex ridge becomes viable the sand in my backgarden will be viable. Hanlong bought a total pup !

all the way to 5 cents for this one.