RE: An announcement of a deal with the Asians?Something is definitely up. Lots of above average volume. A deal with the Asians has to be near.
And then we have the 100% expansion of the resource and a 20-30 year mine life to think about. I'm sure that was of big interest to potential partners.
And then we have Harbinger Capital backing this play (along with Andrew Forest) - they are in negotiations with the Chinese for their stake in Fortesque - those boys must be tickled pink over the success of that play. If things go well with MOL, they should enjoy similar results here.
MOL will have higher production than TCM has right now. And TCM has a $2.5B mc with higher cash costs. MOL has big upside from current ~$190MM EV. I'd be pleased with a 5 bagger from current prices. But I think MOL has more potential than that.