Moly won't be making a profit for sometime. If AGO could not turn in a cash profit in it's 1st 9 months of operating a 1 mtpa operation what real chance does MOL have?
1mtpa operation is worth nothing in my opinion. The only reason AGO is capped at what it is really is because of the number of tenements it holds (DSO and Magnetite). It's those potential projects that have value to a prospective buyer.
The big money is the Molybdenum project and this realistically is at least 6-12 months away in commencing.
You have to hold this stock for years to realise any potential gains. In the meantime you may miss other opportunities that present themselves.
Good luck. My 2 bobs worth for what it's worth.
An investment in MOL is long term, no short term here.
Nic ;)
MOL Price at posting:
76.5¢ Sentiment: Hold Disclosure: Not Held