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Moly Mines Limited T.MOL

Metals & Mining Industrial Metals & Minerals


TSX:MOL - Post by User

Moly Mines Limited
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Comment by chipper1360on Apr 27, 2012 8:18am
213 Views
Post# 19842854

RE: Moly Mines Reports Quarter Highlights

RE: Moly Mines Reports Quarter Highlights

HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Spinifex Ridge Iron Ore Mine (unaudited)

222,354 wet ore tonnes mined for the quarter
261,457 wet ore tonnes shipped (sold) for the quarter
58% Fe average grade of ore shipped
Global iron ore prices stabilize following sharp fall of 4th quarter 2011
Gross sales revenue:

Spinifex Ridge Molybdenum / Copper Project

Project development on hold awaiting improvement in macro-economic factors

Sale of primary crusher completed for gross proceeds of US$13M, with two ball mills and ancillary equipment available for sale

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Dealroom for high-potential pre-IPO opportunities