I haven't trawled through all previous posts so this question may be redundant. Has anyone considered China's big push into Western moly deposits (Moly Mines Spinifex Ridge and now General Moly's Mt Hope and Liberty projects) may have something to do with China overestimating their own moly resources? It is often stated that China holds the largest moly resources however without access to the dataroom we can hardly check the numbers ourselves. It wouldn't surprise me if both grade and tonnages are greatly overestimated.
MOL Price at posting:
89.0¢ Sentiment: None Disclosure: Not Held