Sold my MOZWas going to wait for Feasability Study but lure of a developing polymetalic and gold deposit in Nevada was too strong. Couldn't sell at the .80 cent range (too low) but took a capital loss in the upper .90's. Hard to hold investment once confidence in management has been eroded. Environmental permit delay, capital cost escalation, financing debacle, granting of options to everyone and their cousin, and the whole illogical sequencing of events this past year. Bloated share count.
Once warrants are exercised MOZ share count will be 460-470M shares. Best case for FS lets say NPV is $900M including Berry deposit offset by cost escalations and higher capX. Works out to $1.90 per share. If $800 NPV then $1.70 per share. Nothing special. Upside secure but limited with Marathon. Also assumes nothing else can go wrong with this project. Bottom line is better opportunities elsewhere. Time to be invested in only the best of the best not diversified.