by announcing the last announcment re: the moly project, i...

by announcing the last announcment re: the moly project, i believe the market is now unfactoring the negativity around the sub-economic Moly Project.

Moly does produce a profitable Iron Ore project which has an NPV of $124m (10% discount) vs its current market cap of $131m. Its hard to see upside without the Moly project but equally, Moly does have finance in place for any opportunities that may present in the upcoming months.

From a charting point of view the current price has broken through the upper resistance level and hopefully the break forms an uptrend.

I bought in 2 days ago at 29.5, its hard to see upside without the Moly project but i am quite confident the risk in holding is almost nil. Lets see what Fisher can do now.

NB: The moly project still exists and should be give some value