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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Comment by OnDaBallon Oct 31, 2013 11:16am
188 Views
Post# 21865239

RE:RE:3rd Quarter Report

RE:RE:3rd Quarter Report"The early view of the Board is to concentrate on substantial advanced projects in copper and gold in countries with acceptable sovereign risk."___________________________________This is a very interesting sentence from the perspective of focusing on copper and gold, versus minerals associated with steel making. But also the admirable and necessary (IMHO) condition of "countries with acceptable sovereign risk." There are many countries that have great mineral wealth that are playing political games with mining companies trying to extract those treasures - unfortunately I have first hand experience with a couple of those stocks!! I'm glad that is high on their list of conditions, but it does limit where they are looking. South America, Africa and Eastern Asia (former USSR block) may be off the list. Australia, North and Central America and Europe are probably being considered, but at what cost?.........................................Anyone have any guesses or insight on this?
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