Moly prices continues downward trend.With moly prices down to $13.40, and who knows how much lower. The impacts will be as follows....
1) Future earnings will be lower than projected, possibly even a loss.
2) Stock price will struggle.
3) Will need additional financing to complete Milligan project.
That is the bad news. The good news is that this may provide an opportunity to buy additional shares at a lower price, perhaps $5 a share. When Milligan approaches startup, the stock price will appreciate significantly.