the dilution had to be expected so i dont see it as too big a deterrent. getting the funding was the key and since the company wasnt in a position to do so for a long time, this announcement for me is a big success. however, moly price is around the $12 atm. Moly Mines needed a sustained price of $15/lb for project to be economic so id be more concerned about the marginal economics of the project? (I am bullish on longer term price of moly though). Any thoughts on that?
MOL Price at posting:
$1.23 Sentiment: None Disclosure: Not Held