RE:RE:RE:moly spot price
That is great news for TCM!... Shorts are worrying now. and today's rise is the warmup of the spike we will see in the near term.
we will see more than 32 million $ added to the revenue ( 8million pounds of moly * (14$ - $10) from second quarter going forward.. and this will lead TCM to consider to start pre-stripping in TC mine. (cost 100 million $). Adding the profits coming from Copper, Gold and Silver, second quarter will be a turning point for TCM.
I think TCM will have a loss in the first quarter due to the start up costs in Mt. Milligan, but the production will be improving following months.
Get in and hold it tight! it is the last train for the near-term rise. Good luck All..