For now I would think that 2 things should be on the excitement agend in the next month
1 - How much cash goes in the kitty this month ie from the shipping announcement... "The vessel MV Father Neptune carried 54,500 wet tonnes (52,799 dry tonnes) of iron ore fines grading 59.1 per cent Fe with a final sales price of approximately $150 (U.S.) per dry metric tonne CFR China. The next shipment of iron ore is expected to occur in mid-February as mine production ramps up to achieve regular monthly shipments.+
This is approximately US $7 million dollars (WOW!)
And regular monthly cash flow of about this sum?? (US$ 7 million?) Deduct say 50% for process and shipping and administration - well at least about say $3 million/ month from now onwards ..... Still insignificant but lets call it a SMALL PROFIT for future spendings.
2 Although dragging the chain obviously the Chinese are not in any great hurry, BUT should now there be haste in upgrading the program for Molybdenum then the obviously the money would systematically be available. Certainly those US$440 million funds are needed SOON if the MOLYBDENUM and COPPER project(s) are to start into full production mode quickly.
AND certainly more to the mystery as to why the Chinese are holding on to the finances but maybe GOOD news just around the corner???
Certainly great price to buy in now if the bankers were to drop their bundle soon.
MOL Price at posting:
$1.20 Sentiment: Buy Disclosure: Held