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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Comment by narmacon Apr 03, 2014 5:52pm
202 Views
Post# 22408503

RE:RE:RE:Thanks...OnDaBall

RE:RE:RE:Thanks...OnDaBall,,,,,,,,what's next for MOL??,,,,,,,,,,,,,,,,,,they don't know themselves so how would I or anyone on this board know??..................they have a resource that was once valued at about $50M which is now down to $5 and it is too low a grade to mine profitably until world economics or the price of Mo moves to an acceptable level,,,,,,,that may not be in our lifetime............there is care and maintenance costs on what they have already,,,,,,,,,,,possibly $1m/yr,,,or there abouts,,, I read the reports a while back and I kinda think that was the number...........they can mine ore and make $$$,,,,,,,we know that,,,,,,,,they are already in iron ore country,,,,,,,,,,,,,,,,,,they have a few ore juniors right around them or atleast they had a few years back,,,,,,,,,,,,,,,,,but they want to buy some gold mine in a far away place for some reason. And unless you have a management team with a proven track record to be able to mine anything at a profit they are just a lottery ticket at best.!!
One thing I am seeing in these markets over the years is,,,,,buy the management team,,,,,not the hipe in each and every jr company or other that gets to list on an exchange. Yes,,,buy into the team with that proven track record!! Check out something like GGD on the TSX,,this management team has a proven track record,,,,,,,,,,,,!!
jmo
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