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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 Apr 03, 2007 3:51pm
297 Views
Post# 12541129

RE: Sold

RE: SoldI was waiting 25% oper. cost escalation and 600 capex, but still having NPV10 at 500M using moly price of 9/lb. Looking at the numbers, it seems that I made the grave mistake thinking their cash costs would include off-site costs too. That is assumption that I have had, don't remember where I got it though. Anyways it seems wrong, or there may be other material changes. GMO is not as feasible as I thought it would be. I need to see what exactly went wrong with the predictions before considering buying anything back. I hope they didn't screw up the NPV graph causing me selling.
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