Finance is taking a bit longer than anticipated but the outlook...

Finance is taking a bit longer than anticipated but the outlook for MOL remains very positive.

The Chinese banks are taking a cautious stance asking for a EPC to ensure that the mine can be completed on time and within budget.

You cant blame them its very likely that they have been caught out on other projects.

Its also interesting that Molybdenum was one of the last metals to suffer from the GFC. Whilst copper is making new highs moly is still lagging, the consensus is that this will change over the next few years.

Hanlong have indicated they wish to build MOL into a world class mining house. The emphasis being Iron Ore that said we can only surmise more exploration or acquisitions in the future.

Until finance is approved the S/P will keep up its side ways movement.