RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:An exercise in HONESTYOkay, maybe you are not on drugs...sorry for that. But you stated that they were almost out of debt. When infact they still owe almost 1 billion dollars, they also need to spend another 65 million at Mt. M in 2014 and another 80-100 million next year, they do not anticipate getting the mine up to design throughput until the end of 2015 or early 2016. They are right on the verge of having their revenue cut by more than 50% when their moly production stops. I suspect after they put Thompson Creek Mine on C&M, Endako will follow. Moly currently below $11 per pound and they have a cash cost of 11-12 per pound at Endako.
If there were not huge risks with this company it would not have become a penny stock. I would love for them to succeed but without some outside forces coming to their rescue they are unlikely to be viable company in the next two to three years.