GREY:MLKKF - Post by User
Comment by
24~Karaton Feb 05, 2008 10:21am
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Post# 14318932
RE: ML Highlighted in Article Today
RE: ML Highlighted in Article TodayConsider the implications of this observation made about ML in this article:
“Cash costs are estimated at US$0.81 per pound copper equivalent, at US$2.00 per pound copper the molybdenum production is free”
…..in the light of this assertion made in the Mineweb article about moly:
CPM Group Senior Analyst, Base Metals, Catherine Virga estimated that Molybdenum cash operating costs may undergo a three-fold increase to $11.00 per pound by 2011.
and you come to the astonishing realization that, while the rest of the world will be paying $11 or more to extract their molybdenum, ML will be getting theirs for free!
Question for the market: What is 10 million pounds per year of cost-free molybdenum worth?
Answer: A $30 per share market value for ML