RE: RE: RE: RE: RE: RE: NEVADA IN AT .54 The one part of your guy's theories I don't get is how you figure they are digging themselves out of a hole? I surely do not see that. Operational improvements have been achieved and that is great. There are still some pretty major problems. For example, copper head grades and moly prices, and cash costs to produce, as well as the downstream costs of transport and selling refining, etc...
IMO their inability to generate any significant cash flow under current metal prices, mounting debt, and massive dilution should strictily limit the upside potential. While a good trading oportunity presented itself at the end of last year, that is now gone. You also must look at the massive low cost moly producers that have come into production and planned near term production, this should limit molys upside potential.
Heck it was not that long ago when this was trading above $3 and I suggested there was a strong potential that the company would go under, it has not happened yet, but look at all the extra debt and dilution that has occurred. They could have made this much better by being creative when the shareprice was strong, but instead, they added debt, took on massive dilution and waited for the sp to tank before doing the pp. Now if a little guy like myself can see these problems and solutions well before the management team can, then how much faith should you have in these guys?
Good luck.