question, page-5

hannah,
Nope nothing good. The project is uneconomic at these currency exchange rates and the price of Moly being depressed and with further supply from new mines coming on stream before Moly can get going. Iron ore prices falling and is reflected in the share price .One of the only saving grace aspects of the mine is the use of the iron ore exports to pay for admin costs while we await any possible funding to finance the capital gap required to make the mine projected costs for construction through to production, But dont hold your breath . I see 25c unless Hanlong want to mop up the residual shareholders at 40c