RE: NEWSNice, permits came a month or two earlier than expected. This takes the last concern off the table for institutional investors and should ease the financing.
MOL is a slam dunk value. Will hold my shares for 18-24 months and expect to see many multiple return. The morons who sold this down to $1.55 a few weeks ago had their heads so far up their arse, they saw sunshine again.
First big mine to get into production. 24MM lbs Moly and 27MM lbs Cu. Easily generate $500MM/yr net cash flow at current prices. Currently trading at 0.5x first year's cash flow. Very tasty valuation for a moly play so close to production.
I suspect we will see a PR announcing an plant expansion. 100% increase in reserves using lower cutoff gives em 20+ yr mine life. And also doubles NPV.
Let's see the terms of the equity deal from our Asian friends. Spinifex should be of particular interest as they are the closest big producer of Mo available. When that is announced, MOL could hit $4-$6 on the news.