RE: First time in 3 years Hi Mat
The way I look at it is that the production cost for Avanti Moly will be in the lowest quartile of producers -that has been stated. Their cost estimate is up to date and their risks are greatly mitigated by it being an existing mine with some existing infrastructure. They still make money at $10 moly - just not much - however the Chinese costs bottom out around $11.50 and at $10 many other mines will close down - reducing supply - and the price goes back up.
Yes mining is risky - but this is much lower risk than many other projects. The fact that the company is more than 50% instuitutional money and that the insiders have been buying lots of shares on the market - they are either idiots or wise old guys. I will gamble they are not idiots.