As I recall the Molydenum project was deemed as sub -economic based upon the declining molydenum price last year.
If the Molydenum price has recovering, does anyone know at what point/price is required before the project is deemed as economic?
I assume the decision will be need to made on forward price projections.
One of the other upsides of MOL is that Hanlog has financed the purchase of Sundance Resources so that should free it up to now focus on the future of MOL.
MOL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held