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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Bullboard Posts
Post by derekcson Feb 21, 2011 12:10am
390 Views
Post# 18167993

????

????"The metal products to be produced from the mine - molybdenum, copper and silver - are priced in United States dollars"

Just curious why he US$ is an issue when we know that all of their production will be sold to China? Wouldn't the yen be the currency of concern?

"While most of the forecast operating costs are denominated in Australian dollars".

As for the AUS$, by the time the mine is developed it will be back at 72-75 cent range as compared to the US$ anyway.


Bullboard Posts