Well said Jaaa,The report also indicated that sufficient...

Well said Jaaa,

The report also indicated that sufficient drilling and mapping had been done to verify the size and quality of the resource. No more was needed.
The real problem is not the ore body as redrockgeo suggests but rather the economics of the day. These aspects of course can change as the global situation changes. What we really have here is a delay. However, with signs of a pick-up in the US and Germany currently, the wait may not be as long as some people would have us believe.
Since the GFC many infrastucture programs have been allowed to run down and fall into disrepair. When the time comes to upgrade powerstations,pipelines etc so will the demand for molybdenum and molybdenum steels rise.
The economics of Spinifex Ridge will then change.
Meanwhile Moly will get on with the nice little earner, Iron Ore.

Cheers

Countryshares