MOL is floundering because there is still no commitment to go...

MOL is floundering because there is still no commitment to go ahead with the mine, look at previous announcements and they state that once all the ducks are in place they will make a go/no-go decision.

The other issues is the cost of constructing the mine has increased with the appreciating dollar, i think last estimate puts the full cost at $700 Million (if i'm wrong please correct me). Can this shortfall be covered by Iron Ore incomes or Hanlong - not sure, don't think MOl knows.

So the reason for the slide --> Uncertainty.

FYI - i have and am a long term shareholder and i have a great belief that we will see significant appreciation in the Molybdenum price in the medium term.

DBM