The future is positive... From a shareholder point of view you could almost argue that the current share price is supported by the iron ore project alone.
Fast-forward to this time next year, and Moly will be almost unrecognisable in terms of its current production activities and other involvements.
“We will have an iron ore mine in production, which we do now, and we’ll be shipping a significant amount of iron ore, and we’ll have the world’s first major greenfields molybdenum project in 25 years under construction,” Fisher says.
“And, with some of the other things we’re planning in iron ore, there will be other significant changes in the company.”
Moly Mines is clearly in the throes of a significant growth period today. All of its ongoing work, in iron ore production and advancing the molybdenum-copper project over at Spinifex Ridge, is set to culminate in 2011 and most certainly result in significant share price growth during that time. This next year will be a big one, but it is just the beginning for this well-supported, well-partnered and portfolio-rich developer/producer.