Potential buyerThere is no potential buyer for TCM
1 moly is a niche product and there are no acquisitors looking to expand their moly business
2 moly price is extremely depressed now
3 The expansion beyond moly into copper resulted in low grade Mount Milligan copper/ gold project. 50% of the gold or 25% of total mine output goes to Royal Gold at $435 an ounce
The $400m market cap has no meaning unless you add on nearly $1b in debt and another $1.5b is ongoing obligations to Royal Gold.
There will be no takers unless the company is split up and this is not likely
Mat