RE: ROKI'm no longer a ROK holder or a MOL holder but what would you consider MOL to be valued at with financing in place and construction on the go? At 200 million MC do you think its really that undervalued plus whatever dilution will be put in place?....Now im talking short term, of course as the mine progresses so should the share price but as for right now I would consider $3.00 valued. I do see however a large run occuring when the financing goes through but im not sure what level will be sustained thereafter.
There is certainly a large discrepency between share prices amoung moly stocks. ML with production near term is only sitting at 656 million, yet GMO has been able to sustain 500 million...somewhat unusual valuations in the market right now. As for ROK, I dont like the mine life, within two years targets start to decrease, they will have to double production capacity at that point in order to keep up with production targets..to me this is a turnoff...unIike ML and MOL they plan on increasing moly production targets as they progress, not expanding just to keep up. However, what does intice my interest in ROK is the 3 drill programs which can certainly increase the share price on spec and does allow for future expansion targets/buyout potential.
I'm interested in some comments on what shareholders think is a reasonable valuation for a fully financed Moly Mines?