Once we have certainty that the mine is to be built, then the S/P will go over the $2 mark.
If the moly price continues its upward momentum then it could reach $5 very quickly. This is only my opinion it could go even higher. Lets face it MOL S/P reached $7 back in the good old days. Last August it reached $1-90 because moly went to $18 pound.
Just throwing in another idea that comes to mind, could they also announce finance Monday. Bankers are visiting Spinifex Ridge early this month. Would this not be a formality for them prior to giving approval.
DBM you are quite right punters want certainty, gone are the days of assumptions.
With Derek Fisher returning from Canada they may want to wait until Monday for any announcment
Tick Tock Tick Tock, its killing me
MOL Price at posting:
88.0¢ Sentiment: LT Buy Disclosure: Held