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General Moly Inc GMOLQ

Metals & Mining Industrial Metals & Minerals
General Moly Inc is the United States-based mineral company. It is engaged in the business of exploration, development, and mining of properties containing molybdenum. The company owns two moly projects: an 80% interest in the Mt. Hope project and 100% of the Liberty project. Both the projects are located in Nevada, U.S.A. It is also conducting exploration and evaluation activities on its Liberty molybdenum property in Nye County, Nevada.


OTCPK:GMOLQ - Post by User

General Moly Inc
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Comment by junior_mineron Jan 05, 2007 6:23am
249 Views
Post# 11960168

You are wrong about GMO and MOL

You are wrong about GMO and MOLMOL has operating costs of USD 3.3/lb using by product credits. GMO has TOTAL CASH COST (I assume you know the difference) of USD 3.4/lb. Check MOL presentation. Their copper grade is so low that it could almost be treated as contaminant. GMO has the lowest opex of the companies in the MOL presentation. (includes Adanac, Blue Pearl, MolyMines...) Using USD 12.5/lb in calculating NPV for GMO = 1.5 billion USD = ten times undervalued. However 7 USD is the 30 year average in 2004 dollars, so I'm comfortable using 9 USD/LB as a long term price in current dollars. Even with that moly price the GMO is 4-5 times undervalued. Now.
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