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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Bullboard Posts
Comment by derekcson Dec 06, 2010 12:33pm
385 Views
Post# 17806390

RE: RE: RE: Say what you want...

RE: RE: RE: Say what you want...Not really my area of expertise. Valuating companies that is. As a substantial shareholder I'm not even sure I want a takeover, as I really do think MOL has the potential to be in $4-$5 range in 12-18 months and $7+ in 24 months. With that said, should Hanlong decide to take that route, it would have to be in the mid to high $3 range as a minimum if they were to put in a bid in the short-term, in order to get shareholder approval. If however, the price of molybdenum starts to really move north in 2011, which many predict , all bets are off  as MOL will be good as gold! Just my opinion of course, as I'm sure many will be all over me for my statements but I really believe in the molybdenum story. As I mentioned earlier, iron ore really is the hot topic right now and as stated: iron ore = steel = molybdenum.
Bullboard Posts