POPE and friendsDo the math. Moly is at $26.60, and UNB production costs are around $21 ... ouch. Will the trucks be moving at Bolero if Mo hits $22 or $23 ???
AUA moly mine could be up and running in just over a year and a half. Are you implying that UNB's Mo mines will be depleted in just a year and a half ? Is that true ?
Remember, AUA is profitable with Mo under $8 .
Mo price probably explains current weakness in UNB s.p. today.
Do your own DD , and season's greetings !