GREY:MLKKF - Post by User
Comment by
Edapuson Nov 07, 2008 6:20pm
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Post# 15573531
RE: RE: RE: Market by Price
RE: RE: RE: Market by Price
This is difficult to take and there is certainly no logic to it other than fear. Here are a few Moly companies that ML has been grouped with the last few years.
AUA trades at $0.17 cents and has to raise $800mm plus, to get their mine to production.
MOL trades at $0.28 cents and has to raise $950mm plus, to get their mine to production.
GMO trades at $1.60 and has to raise $1.1 BILLION to get their mine to production.
Each one of these companies has basically the same number of share outstanding give or take. I would nt trade my ML shares for any of these companies.
On the Copper front the big up and comer Baja has shelved their project because of the credit crises. Another $900mm to build.
Now we has ML...as you say with $110mm market cap and going increased production. The issue i have with these so called analyst stating Moly could go to $2.00. Now that is non sense. How could that every happen with the shelving of upcoming production and the closing of higher cost producing mines. I read today the break even point for most moly producers in $10...we are there. ML states that with $1.53 copper, $10.16 moly, and $7.15 Silver they will have an after tax rate of return investment money of 51% which will still pay the debt off in 1.8 years.
Sorry for the long post....just ranting.
ed